4-3 Project One Submission

Demand Factor Average American household income Roundtrip airfare from Des Moines (DSM) to Atlantic City (ACY) Room rate at the Continental Hotel and Casino, which is near the Rivers PRICE (Dollars per room) Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 500 450 400 350 300 250 200 150 100 50 0 0 Demand 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Rivers's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Initial Value $50,000 per year $200 per roundtrip $250 per night Airfare from DSM to ACY (Dollars per roundtrip) Room Rate at Continental (Dollars per night) 350 150 50 200 250 ?

Sonia is planning to start a new designer cloth shop. Her problem is to decide how large her shop should be. The annual returns will depend on both the size of her shop and a number of marketing factors related to the current market conditions and demand for designer wear. After a careful analysis, Sonia came up with the following table: Size of shop good market (R.O) fair market (R.O) poor market (R.O) Samll scale 1024 9765 -500 Medium scale  1500 3000 -2000 Large scale  2000 3000 -4000 Very large scale  3000 5000 -7000 a)what will be her decision based on Pessimist criteria? b) what will be her decision based on Optimistic criteria? c) what will be her decision based on Laplace criteria?

Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the car that they purchased. The variable shown on the vertical axis is __________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods).   The units for the variable on the horizontal axis are _________ (options: thousands of dollars per car, thousands of dollars per year, income, thousands of dollars, price, number of goods).   There are two ways to view the information presented on the graph. First, the graph tells us the amount a person with a certain income is likely to spend on a car, and second, it tells us the probable income of a person who spent a certain amount on a car. For example, if an individual earned $50,000 last year and purchased a new car, you would expect that person to…

You own the only pharmacy in the small town of Jackson City, which has 40,000 residents. You would like to get a sense of what the local demand is for seasonal allergy medicine so you can determine how many packages to keep in stock and what price to charge. You conduct a survey of four residents of Jackson City, asking them about the quantity of allergy medicine they would buy each allergy season at various prices. Their responses are shown in the accompanying table. Estimate and graph the demand for the entire town of Jackson City. Price Lee June Carlotta Eric   $8 8 5 6 9 $10 6 4 5 5 $12 4 3 4 3 $14 2 2 2 1 $18 0 1 1 0

You own the only pharmacy in the small town of Jackson City, which has 40,000 residents. You would like to get a sense of what the local demand is for seasonal allergy medicine so you can determine how many packages to keep in stock and what price to charge. You conduct a survey of four residents of Jackson City, asking them about the quantity of allergy medicine they would buy each allergy season at various prices. Their responses are shown in the accompanying table. Estimate and graph the demand for the entire town of Jackson City. Price Lee June Carlotta Eric   $8 8 5 6 9 $10 6 4 5 5 $12 4 3 4 3 $14 2 2 2 1 $18 0 1 1 0 I submitted this question earlier and I understand how to add up the market demand for each individual but I don't understand how to estimate the entire market demand for Jackson city which has 40,000 residents including the individuals listed in the chart. If you could please answer this specifically I would appreciate it.

PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 Demand D 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Oceans's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from MSY to ACY (Dollars per roundtrip) Room Rate at Meadows (Dollars per night) 350 150 50 200 250 ? For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Oceans is charging $350 per room per night. If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Oceans from rooms per night to rooms per night. Therefore, the income elasticity of demand is. , meaning that hotel rooms at the Oceans are If the price of an airline ticket from MSY to ACY were to increase by 10%, from $200 to $220 roundtrip, while all other demand factors remain at their initial values,…

The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below.  Sales data are often reported in this way to compare current sales to last year’s sales.     Year-to-Date Sales   Manufacturer Through October 2015   Through October 2014   General Motors Corp. 2,562,840   2,434,707   Ford Motor Company 2,178,587   2,065,612   Toyota Motor Sales USA Inc. 2,071,446   1,975,368   Chrysler 1,814,268   1,687,313   American Honda Motor Co Inc. 1,320,217   1,281,777   Nissan North America Inc. 1,238,535   1,166,389   Hyundai Motor America 638,195   607,539   Kia Motors America Inc. 526,024   489,711   Subaru of America Inc. 480,331   418,497   Volkswagen of America Inc. 294,602   301,187   Mercedes-Benz 301,915   281,728   BMW of North America Inc.…

Your boss would like your help on a marketing research project she is conducting on the relationship between the price of soda and the quantity of soda demanded. She hands you the following document: Price of Soda Quantity of Soda Demanded (Dollars per can) (Billions of cans) 0.50 2,000 0.75 1,500 1.00 1,000 1.25 750 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda demanded decreases. This confirms the

Forecast the average number of viewers during the 2009 season using a​ three-period weighted moving average with weights 3​, 2​, and 1​, applying 3 to the most recent data and 1 to the oldest data.

Construct a histogram that represents the following data regarding the score ranges for the extrovertive tendencies of respondents to a personality questionnaire. Personality Questionnaire Class Frequency 16-19 9 20-23 3 24-27 8 28-31 7 32-35 7 Copy Data

A random sample of 100 households has been selected in order to establish a price index for housing utilities. The following average annual figures have been obtained. Housing Utilities 2017 Electricity 1,97 Gas 7,90 0,29 2,40 Telephone Water Price(Rand/Unit) 2018 2,05 8,25 0,30 2,45 2019 2,09 8,60 0,31 2,50 2017 62 9 296 55 Quantities 2018 64 9 297 56 2019 68 10 298 58 . a) Find the price relative for Electricity, using (2017= 100). Interpret. b) Find the quantity relative for Water, using (2018= 100). Interpret. c) Calculate the Laspeyre's price index for 2019, using 2017 = 100. What is the percentage increase in 2019 price over those in 2017? Interpret. d) Calculate the Paasche's price index for 2018, using 2017 = 100. What is the percentage increase in 2018 price over those in 2017? Interpret. e) By how much has this households utility in these four utilities changed between 2017 and 2019? Assume price are held constant at base year 2017.

s EconomicsQ&A LibraryEach term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time? Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’…

A researcher wants to study about the behaviours of postgraduate students in Australia in mobile phone usage.  One of the goals of the study is to analyse whether there is a relationship between the type of apps that the students use the most and the degree they are studying.   What is the most suitable graph to see the relationship described above? Why?

I asked this question twice and it got rejected. This is for homework and I need help. I respect the honor code, but this is a HOMEWORK question.    Thank you!

Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the home that they purchased. PRICE (Thousands of dollars per home) 500 450 400 350 300 250 200 150 100 50 L 0 10 20 30 40 50 60 70 80 INCOME (Thousands of dollars per year) 90 100

Suppose the monthly operating profits for the past two financial years for a random sample of 20 open market vendors operating at Oshetu open market are as follows: Vendor Operating profits (N$ 1000s) 2022 financial year Operating profits (N$ 1000s) 2023 financial year 1 29.5 30 2 70.3 69.5 3 69.4 70 4 46.6 42 5.63.6 63 6 85.5 85 7 100.3 99.8 8 34.3 34 9 20.2 22 10 52.5 53.5 11 88.8 85.2 12 60.9 62 13 55.1 55 14 98.4 97 15 60.6 62 16 64.0 63 17 46.4 45 18 80.6 89 FACULTY OF COMMERCE, MANAGEMENT AND LAW OLD CURRICULUM MODULES Page 13 of 15 19 77.7 78 20 29.2 30 Required: a) Develop and interpret a 90% confidence interval for the population mean operating profits for the 2023 financial year. b) Using hypothesis testing, test whether there is a significant difference between the mean operating profits for the two financial years. Use ?? = 0.01

What is the relationship between the $ price of paint and the gallon demand for this paint? A random sample of (price, quantity) data for 7 days of operation was obtained. Construct a plot and describe the relationship between quantity and price, with emphasis on any unusual observations.(10, 100) (8, 120) (5, 200) (4, 200) (10, 90) (7, 110) (6, 150)

Graph Input Tool Market for Research Assistants 20 18 I Wage (Dollars per hour) 4 16 Labor Supplied (Number of workers) Supply Labor Demanded 500 14 (Number of workers) 12 Demand Shifter Supply Shifter 10 8 Demand Tax Levied on Employers (Dollars per hour) Tax Levied on Workers (Dollars per hour) 6. 4 40 80 120 160 200 240 280 320 360 400 LABOR (Number of workers) For each of the proposals, use the previous graph to determine the new number of research assistants hired. Then compute the after-tax amount paid by employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by research assistants (that is, the wage received by workers minus any taxes collected from the workers). WAGE (Dollars per hour) +.--

20. The table below shows the heights, in inches, of 15 ran- domly selected National Basketball Association (NBA) players and 15 randomly selected Division I National Collegiate Athletic Association (NCAA) players. 84 76 79 75 81 81 76 85 NBA 78 79 78 78 84 75 76 78 73 73 78 77 76 75 74 NCAA 74 81 75 78 78 79 73 Using the same scale, draw a box-and-whisker plot for each of the two data sets, placing the second plot below

Economics

The monthly demand of a company is showed below, please use the static method to forecast the demand for Year 6. Sales Year 1 Year 2 Year 3 Year 4 Year 5 JAN 2,000 3,000 2,000 5,000 5,000 FEB 3,000 4,000 5,000 4,000 2,000 MAR 3,000 3,000 5,000 4,000 3,000 APR 3,000 5,000 3,000 2,000 2,000 MAY 4,000 5,000 4,000 5,000 7,000 JUN 6,000 8,000 6,000 7,000 6,000 JUL 7,000 3,000 7,000 10,000 8,000 AUG 6,000 8,000 10,000 14,000 10,000 SEP 10,000 12,000 15,000 16,000 20,000 OCT 12,000 12,000 15,000 16,000 20,000 NOV 14,000 16,000 18,000 20,000 22,000 DEC 8,000 10,000 8,000 12,000 8,000 Total 78,000 89,000 98,000 115,000 113,000

A survey of 800 college seniors resulted in the following crosstabulation (Table 1) regarding their undergraduate major and whether or not they plan to go to graduate school. Please use the information to answer questions 1-3.                                                                 Undergraduate Major  Graduate School Business Engineering Others Total Yes 70 84 126 280 No 182 208 130 520 Total 252 292 256 800   1.What percentage of the students does not plan to go to graduate school? 2.What percentage of the students' undergraduate major is engineering? 3.Of those students who are majoring in business, what percentage plans to go to graduate school?

Ypsilanti Market Research conducted a survey to find out whether people who earn more money purchase more expensive goods. The following graph indicates the relationship between income the survey subjects earned and the price of the car that they purchased. PRICE (Thousands of dollars per car) 50 45 40 5 0 0 10 20 30 40 50 60 80 70 INCOME (Thousands of dollars per year) 90 100

Setting:  U.S. Auto manufacturers are trying to develop a multivariate function with which to estimate the demand for their gas-electric hybrid compact cars.  Here is one that Motors General developed for its Jolt:   Qj = 65000 – 20Pj + 20Pf + 35Pt – 5Pb + 0.2Tc + 0.05Y + 10Mg + 0.04A Where Qj  = the number of Jolts demanded per week. Pj  = the price of each new Jolt (in $). Pf = the price of each new Ford gas-electric hybrid (in $). Pt = the price of each new Toyota gas-electric hybrid (in $). Pb = the price of replacement batteries for the Jolt (in $). Tc = the amount of  tax credit incentive offered with the purchase of a new hybrid (in $). Y  = average weekly disposable income of a typical Jolt purchaser (in $). Mg = the miles per gallon of gas rating of the Jolt (in miles per gallon). A  = average weekly Jolt advertising expenditure (in $).   6 If all variables remain unchanged except that the price of the Toyota hybrid (Pt) decreases by $500, then the demand for Jolts will:   7…

In the late 1980s land prices in Japan surged upward in a speculative bubble. Land prices then fell for 11 straight years between 1990 and 2001. What can we safely assume happened to land rent in Japan over those 11 years? Use graphical analysis to illustrate your answer.   graphical analysis is must, you have to draw graph.  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A high school has 48 players on the football team. The summary of the players' weights is given in the box plot. Approximately, what is the percentage of players weighing greater than or equal to 232 pounds? 185 220 232 158 248 - 0e 150 160 170 180 190 200 210 220 230 240 250 260 270 00 Weight (in pounds)

Hi hlo Expert Hand written solution is not allowed.

Consider the following data:Number of Customers a Restaurant Serves per Year Year 20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 Customers 16,56516,565 17,13517,135 15,25815,258 14,36914,369 15,92915,929 16,76116,761 16,90216,902 18,65918,659 16,64616,646   Step 1 of 2 :   Find the two-period weighted moving average for the year 20072007 with weights of 33 (one time period in past) and 11 (two time periods in past). If necessary, round your answer to one decimal place.