A famous bike manufacturing company wants to update the on-road prices for two new lunched bikes with latest specifications. Ex-showroom quotes are available for a duration of four months for the same. The company fetched the corresponding market data given below; Month 1 Month 2 Month 3 Month 4 Ex-showroom quotation rates for 4. 8 13 first bike Ex-showroom quotation rates for 11 4. 14 second bike Perform a prineipal component analysis (PCA) on the given data in order to significantly contribute to the risk management of the company's portfolio.
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- Kaitlyn measures the upload speed in megabits per second of her home broadband internet connection during peak hours and off-peak hours. The results are provided in the accompanying table. Peak Off-Peak 5.83 5.14 6.05 6.80 7.14 6.98 3.54 5.77 5.45 7.27 5.90 6.62 5.81 6.19 4.82 6.08 6.37 6.59 4.65 5.58 5.30 7.41 6.48 6.26 5.96 6.37 5.79 6.31 6.84 6.55 5.06 4.95 5.61 7.03 6.45 6.77 Examine the results of Kaitlyn's test to determine the statements that compare the medians and interquartile ranges of the data sets to each other in terms of this situation. Select the two correct answers. The median upload speed during peak hours is 5.905 megabits per second, which is less than the median upload speed during off-peak hours, 7.005 megabits per second. The upload speeds during peak hours are slower on average compared to off-peak times. The median upload speed during peak hours is 6.37 megabits per second, which is greater than the median upload speed during…In the packaging department of a large aircraft parts distributor, a fairly reliable estimate ofpackaging and processing costs can be determined by knowing the weight of an order. Thus, theweight is a cost driver that accounts for a sizable fraction of the packaging and processing costsat this company. Data for the past 10 orders are given as follows:In a recent survey, ice cream truck drivers in Cincinnati, Ohio, reported they make about $280 in income on a typical summer day. The income was generally higher on days with longer work hours, particularly hot day, and on holidays. The IceCream data file includes five weeks of the driver's daily income (Income), number of hours on the road (Hours), whether it was a particularly hot day (Hot = 1 if the high temperature was above 85-degrees F, 0 otherwise), and whether it was a Holiday (Holiday = 1, 0 otherwise). 1. Predict the income of a driver working 8 hours on a hot holiday. (Round to the nearest dollar.) 2. Predict the income of a driver working 8 hours on a hot day if it was not a holiday. (Round to the nearest dollar.)
- The Ashland MultiComm Services (AMS) marketing department wants to increase subscriptions for its 3-For-All telephone, cable, and Internet combined service. To ensure that as many trial subscriptions to the 3-For-All service as possible are converted to regular subscriptions, the marketing department works closely with the customer support department to accomplish a smooth initial process for the trial subscription customers. To assist in this effort, the marketing department needs to accurately forecast the monthly total of new regular subscriptions. A team consisting of managers from the marketing and customer support departments was convened to develop a better method of forecasting new subscriptions. Previously, after examining new subscription data for the prior three months, a group of three managers would develop a subjective forecast of the number of new subscriptions. Livia Salvador, who was recently hired by the company to provide expertise in quantitative forecasting…A iPhone store starts by selling 100 iPhone pre-ordered in week zero and expects to sell an average of 15%more each week after that. How many iPhone is the store expected to sell in week 4?CWD Business systems maintains a successful Telecom sales department for Top up call creditin which a clerk takes orders by telephone. If the clerk is occupied on one line, incoming phonecalls to the department are answered automatically by an answering machine and asked to wait.As soon as the clerk is free, the party that has waited the longest is transferred and answered first.Calls come in at a rate of about 15 per hour. The clerk is capable of taking an order in an averageof 3 minutes. Calls tend to follow a Poisson distribution, and service times tend to be exponential.The clerk is paid $15 per hour, but because of lost goodwill and sales, CWD loses about $30 perhour of customer time spent waiting for the clerk to take an order. Part B CWD is considering adding a second clerk to take calls. The store would pay that person thesame $15 per hour.Using appropriate formula for the multiple channel model, answer the following questions. a. What is the probability that no customers are…
- To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income($1,000s) Itemized Deductions($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 19.7 120 23.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. A scatter diagram has 7 points plotted on it. The horizontal axis ranges from 0 to 140 and is labeled: Adjusted Gross Income ($1,000s). The vertical axis ranges from 0 to 30 and is labeled: Itemized Deductions ($1,000s). The points are…To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income($1,000s) Itemized Deductions($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 19.7 120 27.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. (b) Use the least squares method to develop the estimated regression equation that can be used to predict itemized deductions (in $1,000s) given the adjusted gross income (in $1,000s). (Round your numerical values to three decimal…According to a newspaper study of more than 1 million medical dispatches from 2007 to 2012, the 911 response time for medical aid varies dramatically across a city. Under national standards adopted by the city's fire department, rescuers are supposed to arrive within six minutes to almost all medical emergencies. But the newspaper analysis found that in affluent hillside communities of the city, firefighters failed to hit that mark nearly 85% of the time. The following data show the response times, in minutes, for 10 emergency calls in the Griffith Park neighborhood. 11.8 10.3 10.7 10.6 11.5 8.3 10.5 10.9 10.7 11.2 Based on this sample of ten response times, compute the descriptive statistics (in minutes) in parts (a) and (b) and then answer the questions in parts (c) and (d). (a) mean, median, and mode (in min) mean minmedian minmode min (b) range and standard deviation (in min) (Round your answers to four decimal places.) range minstandard deviation min (c) Compute…
- A recent drug survey showed an increase in the use of drugs and alcohol among local high school seniors as compared to the national percent. Suppose that a survey of 100 local seniors and 100 national seniors is conducted to see if the proportion of drug and alcohol use is higher locally than nationally. Locally, 65 seniors reported using drugs or alcohol within the past month, while 60 national seniors reported using them.Workers at a particular mining site receive an average of 35 days paid vacation, which is lower than the national average. The manager of this plant is under pressure from a local union to increase the amount of paid time off. However, he does not want to give more days off to the workers because that would be costly. Instead he decides he should fire 10 employees in such a way as to raise the average number of days off that are reported by his employees. In order to achieve this goal, should he fire employees who have the most number of days off, least number of days off, or those who have about the average number of days off? a. He should fire employees who have the most number of days off. b. No matter who he fires, it will not increase the amount of paid time off. c. He should fire employees who have the average number of days off. d. He should fire employees who have the least number of days off.A study found that among the 2300 college students who drank energy drinks daily 850 of them binge drank alcohol on a monthly basis. In contrast, 240 of the 1387 students who do not drink energy drinks daily binge drank alcohol monthly. Fill in the contingency table and determine the percentage of college students who drink energy drinks daily among those who DO NOT binge on alcohol. Binge Drink Alcohol Don't Binge Drink Alcohol Total Drinks Energy Drink 850 1450 2300 Does not Drink Energy Drink 240 1147 1387 Total 1090 2597 3687