Purchase Solution

construct graphs using three related variables

Not what you're looking for?

Ask Custom Question

I need to construct graphs using three related variables:

1. Snowfall (inches)
2. the number of mittens sold per day.
3. Price of each pair of mittens.

Each graph needs show the relationship between two of the variables while holding one constant. I know how to construct the graph and plug in the figures, but I'm having difficulty determining the slope of each graph.

Purchase this Solution
Solution Summary

Provides a graph and discusses the relationships between the variables provided.

Solution Preview

See attached excel file. I generated some hypothetical data.

1) In this case we say the data Snow Fall and Quantity of mittens sold is positively related. As Snow Fall incraeses so do Mitten sales. We say Quantity and Price are negatively related. In ...

Purchase this Solution
Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Regression Analysis: AIU Job Satisfaction Data Base

    265399 Calculate and interpret the correlation between variables. 3 pages Details: Using Excel as your processing tool, work through three simple regression analyses.

  • Directed Acyclic Graphs, Hazard Ratios, Confounding

    Draw three directed acyclic graphs (DAGs) representing relationships between variables in studies. Interpret hazard ratios and determine whether variables are confounding or not.

  • Regression Analysis for AIU data: benefits; job satisfaction

    Objective: Construct charts and diagrams to interpret data. Calculate and interpret the correlation between variables.

  • ANOVA & Exploratory data analyses on SystolicBP &DiastolicBP

    Perform exploratory data analysis on both the SystolicBP and DiastolicBP variables. Using SPSS, calculate the mean and standard deviation of these two variables.

  • Graphs and their adjacency matrices. Trees

    Please see the three attachments. Thanks for using BrainMass.com. Have a great day. Best, OTA The graph with a given adjacency matrix is constructed. The number of simple paths connecting two concrete vertices in this graph is found.

  • Paired t-test

    The paired variables are country and classical. Highlight them and put them in the "paired variables" box. To make boxplots, go to graphs  Boxplot  Simple.

  • Motion Picture Industry statistics sales related to?

    See the graphs in Excel (attached) and the outliers are circled in red. Technically, an outlier is three or more standard deviations from the mean but you can also find them by looking for data points that "stick out" from the dataset.

  • Econometrics Modelling

    SKU1 We can see from the above graphs, based on the R-squared, that using price as a prediction of volume for SKU1 is much more accurate than using either distribution, average market price or market total volume.

  • Multiple Regression Analysis: Smart Alex

    There are many missing variables and the outliers likely hurt the prediction. The output in SPSS (attached) indicates that attractiveness is not significantly related to salary but age and years are significantly related to salary.

View More Related Solutions