Find Correlation for the Data for Car Value, Tenure, Year of Manufacture and Age of Car



Look at the data and answer the questions.                    

·    Provide descriptive statistics for the data                
·    How does change in price affect propensity to renew?            
·    What is the average price elasticity of demand and how does this vary?    
·    How does driver age affect propensity to renew?            
·    Of the four main factors, which best predicts renewal rate?        
·    Who are the most profitable customers?                
·    How well optimized are the Renewal prices?                
·    What would you do to improve profitability both short and long term?    


The question belongs to Statistics and the question is about data interpretation from the above given data. It is about correlation between car value, year of manufacture, tenure, renewal, age and price change. The solution gives calculations to the above questions in detail.

Total Word Count 551

Download Full Solution


  • HWA

    this is a very good website

  • HWA

    I have 50 questions for the same test your page is showing only 28

  • HWA

    hi can you please help or guide me to answer my assignments. thanks

  • HWA

    hi can anyone help or guide me to my assignments. thanks

  • HWA

  • HWA

    This solution is perfect ...thanks

  • HWA

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA

    Perfect bank of solution. 

  • HWA

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA

    works fine.