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- The owner of the ABC Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served. Meals Utilities served CostJanuary 3,600 P1,560February 2,000 P1,060March 2,900 P1,350April 3,500 P1,500May 3,900 P1,580June 2,100 P1,250July 1,900 P1,100August 1,000 P 850September 1,250 P 990October 1,400 P 880November 2,600 P1,180 Required:Compute the expected utilities cost if 5,200 meals are served, using: 1) THE HIGH-LOW METHOD ANALYSIS 2) USING THE LEASE-SQUARES REGRESSION METHOD.The owner of the ABC Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served. Meals Utilities served CostJanuary 3,600 P1,560February 2,000 P1,060March 2,900 P1,350April 3,500 P1,500May 3,900 P1,580June 2,100 P1,250July 1,900 P1,100August 1,000 P 850September 1,250 P 990October 1,400 P 880November 2,600 P1,180 Compute the expected utilities cost if 5,200 meals are served, using:The Lease - Squares Regression MethodThe owner of the Kosher Restaurant would like to determine the fixed and variable components of the restaurant's utility expenses. The owner believes that the variable component of the utilities cost is driven by the number of meals served. Meals Utilities served CostJanuary 3,600 P1,560February 2,000 P1,060March 2,900 P1,350April 3,500 P1,500May 3,900 P1,580June 2,100 P1,250July 1,900 P1,100August 1,000 P 850September 1,250 P 990October 1,400 P 880November 2,600 P1,180 Compute the expected utilities cost if 5,200 meals are served, using:The Lease - Squares Regression Method
- A farmer wants to start raising cows, horses, goats, and sheep and desires to have a rectangular pasture for the animals to graze in. However, no two different kinds of animals can graze together. In order to minimize the amount of fencing she will need, she has decided to enclose a large rectangular area and then divide it into four equally sized pens by adding three segments of fence inside the large rectangle that are parallel to two existing sides (see attached image). She has decided to purchase 7500 ft of fencing. What is the maximum possible area that each of the four pens will enclose? Make sure to include units in your answer.Hi, I need help with this Linear Alebra problem, please! Thank you! Drop box options: definitly contains, definitely does not contain, might contain definitly is, definitely is not, might be definitly is, definitely is not, might beFind the general solution using linear coeffecients
- Two employees (Molly and Jim) must conduct a data analysis project on the success of a firm’s marketing efforts and then write a report of their findings for consideration by the firm’s board. If the first employee, Molly, worked completely alone, she could finish the data analysis component of the project with 30 hours of work and could write the report with an additional 10 hours of work. If Jim worked alone, he would take 48 hours of work to conduct the data analysis and then 12 hours to write the report. Assume that both employees need to contribute to the project, that there would be no benefits to having two people work on the same part of the project (data analysis and writing), and that working on the two parts are independent (i.e. there is no benefit to working on both parts). Which employee has the comparative advantage in conducting the data analysis? ExplainThe Westchester Chamber of Commerce periodically sponsors public service seminars and programs. Currently, promotional plans are under way for this year’s program. Advertising alternatives include television, radio, and online. Audience estimates, costs, and maximum media usage limitations are as shown. To ensure a balanced use of advertising media, radio advertisements must not exceed 50% of the total number of advertisements authorized. In addition, television should account for at least 10% of the total number of advertisements authorized. Given the promotional budget is $18,200, formulate the linear programming problem.What are the defining equations for the corner-point infeasible solution?
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