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Grateful Dead Concert
at a Recent Grateful Dead Concert,a Survey

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Grateful Dead Concert
At a recent Grateful Dead concert,a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the first of the year.It is suspected that older concert goers tend to go to more of his concerts in one year than younger concert goers.The data and analysis are shown below.
 AEe 62574049675443655441 Number af Concerts 6543552631 Age 44485560596369403852 Number of Concerts 3245454213\begin{array}{l}\begin{array} { | l | c c c c c c c c c c | } \hline \text { AEe } & 62 & 57 & 40 & 49 & 67 & 54 & 43 & 65 & 54 & 41 \\\hline \text { Number af Concerts } & 6 & 5 & 4 & 3 & 5 & 5 & 2 & 6 & 3 & 1 \\\hline\end{array}\\\\\begin{array} { | l | c c c c c c c c c c | } \hline \text { Age } & 44 & 48 & 55 & 60 & 59 & 63 & 69 & 40 & 38 & 52 \\\hline \text { Number of Concerts } & 3 & 2 & 4 & 5 & 4 & 5 & 4 & 2 & 1 & 3 \\\hline\end{array}\end{array} An Excel output follows:  Grateful Dead Concert At a recent Grateful Dead concert,a survey was conducted that asked a random sample of 20 people their age and how many concerts they have attended since the first of the year.It is suspected that older concert goers tend to go to more of his concerts in one year than younger concert goers.The data and analysis are shown below.   \begin{array}{l} \begin{array} { | l | c c c c c c c c c c | }  \hline \text { AEe } & 62 & 57 & 40 & 49 & 67 & 54 & 43 & 65 & 54 & 41 \\ \hline \text { Number af Concerts } & 6 & 5 & 4 & 3 & 5 & 5 & 2 & 6 & 3 & 1 \\ \hline \end{array}\\\\ \begin{array} { | l | c c c c c c c c c c | }  \hline \text { Age } & 44 & 48 & 55 & 60 & 59 & 63 & 69 & 40 & 38 & 52 \\ \hline \text { Number of Concerts } & 3 & 2 & 4 & 5 & 4 & 5 & 4 & 2 & 1 & 3 \\ \hline \end{array} \end{array}  An Excel output follows:   -{Oil Quality and Price Narrative} Do the \rho  and  \beta <sub>1</sub> tests in the previous two questions provide the same results? Explain.
-{Oil Quality and Price Narrative} Do the ρ\rho and β\beta 1 tests in the previous two questions provide the same results? Explain.


Definitions:

Cash Collections

The process of gathering all receivables or cash owed by customers to a business within a specified period.

Average Collection Period

The usual number of days necessary for a firm to get payments from its buyers.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell the goods, and collect the receivables from the sale.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor costs.

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