- The Accompanying Data Table Describes Spending By A Pharmaceutical Company For Promoting A Drug Over 30 Consecutive Week 1 (36.92 KiB) Viewed 42 times
- The Accompanying Data Table Describes Spending By A Pharmaceutical Company For Promoting A Drug Over 30 Consecutive Week 2 (44.01 KiB) Viewed 42 times
- The Accompanying Data Table Describes Spending By A Pharmaceutical Company For Promoting A Drug Over 30 Consecutive Week 3 (40.8 KiB) Viewed 42 times
- The Accompanying Data Table Describes Spending By A Pharmaceutical Company For Promoting A Drug Over 30 Consecutive Week 4 (54.43 KiB) Viewed 42 times
The accompanying data table describes spending by a pharmaceutical company for promoting a drug over 30 consecutive weeks. The column Market Share is sales of this product divided by total sales for such drugs. The column Detail Voice is the ratio of detailing for this product to the amount of detailing for all such drugs Detailing counts the number of promotional visits made by representatives of the company to doctors' offices Formulate the SRM with y given by the Market Share and x given by the Detail Voice. Complete parts a through d Click the icon to view the data table of market share and detail voice Choose the correct conclusion below. OA Do not reject Ho There is sufficient evidence that there is a statistically significant linear association between market share and the share of detailing OB. Reject Ho There is sufficient evidence that there is a statistically significant linear association between market share and the share of detailing OC. Do not reject Ho. There is insufficient evidence that there is a statistically significant linear association between market share and the share of detailing OD. Reject Ho There is insufficient evidence that there is a statistically significant linear association between market share and the share of detailing. (b) An advocate of reducing spending for detailing has argued that this product would have more than 20% of the market even if there were no detailing. Does this model support this claim? The model support this claim because 20% market share. less than the lower limit of the 95% confidence interval when there is no detailing (c) Accounting calculations show that at the current level of effort, the profit earned by gaining 1% more market share is 4 times the cost of acquiring 1% more detail voice Should the company increase detailing? The company increase detailing. The break-even point (d) This regression uses share for both y and x Had the analysis been done in percentages, would any of the previous answers change? If so, how? less than the lower limit of the 95% confidence interval for the slope.
accompanying data table describes spending by a pharmaceutical The of this product divided by total sales for such drugs. The column Detail Voice is the ratio of detailing for this product to the amount of detailing for all such drugs. Detailing counts the number of promotional visits made by representatives of the company to doctors' offices Formulate the SRM with y given by the Market Share and x given by the Detail Voice Complete parts a through di Click the icon to view the data table of market share and detail voice USINLY anyag. Oor very OD. Reject Ho There is insufficient evidence that there is a statistically significant linear association between market share and the share of detailing (b) An advocate of reducing spending for detailing has argued that this product would have more than 20% of the market oven if there were no detailing. Does this model support this claim? The model support this claim because 20% market share less than the lower limit of the 95% confidence interval when there is no detailing (c) Accounting calculations show that at the current level of effort, the profit earned by gaining 1% more market share is 4 times the cost of acquiring 1% more detail voice Should the company increase detailing? The company increase detailing. The break-even point less than the lower limit of the 95% confidence interval for the slope (d) This regression uses share for both y and x. Had the analysis been done in percentages, would any of the previous answers change? If so, how? Select all that apply. JA. Conclusions involving statistical significance would have to be recalculated and could change B. Conclusions involving statistical significance would have to be recalculated and would change C. None of the previous answers would change.
Detail Voice 0.133 0.038 0.076 0.046 0.104 0.079 0.099 0.123 0.116 0.039 0.092 0.108 0.097 0.081 0.128 Market Share 0.253 0.225 0.244 0.195 0.201 0.222 0.242 0.225 0.209 0.196 0.209 0.236 0.214 0.232 0.206 Detail Voice 0.117 0.112 0.108 0.052 0.071 0.104 0.101 0.065 0.076 0.124 0.081 0.057 0.073 0.133 0.105 Market Share 0.241 0.224 0.242 0.195 0.218 0.218 0.226 0.237 0.208 0.248 0.231 0.236 0.209 0.243 0.242 4 Full data set