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- Construct index number of price from the following data byapplying: Bowley’s method 2016 2016 2017 2017 Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13The data below have been taken from the cost records of the Halifax General Hospital. The data relate to the costs of admitting patients at various levels of patient activity: Month Number of Patients Admitting Admitted Department CostsMay..................................................................... 3,600 $ 29,400June .................................................................... 3,800 $ 28,700July ...................................................................... 2,900 $ 27,400August ................................................................ 3,200 $ 28,000September .......................................................... 3,300…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:
- When wildebeest are more abundant, they graze the grass more heavily, so there are fewer fires and moretrees grow. Lions feed more successfully when there are more trees, so the lion population increases. Thedata on one part of this cycle, wildebeest abundance (in thousands of animals) and the percent of the grassarea that burned in the same year are on the spreadsheet. To what extent do these data support the claim that more wildebeest reduce the percent of grasslands that burn? How rapidly does burned area decrease as the number of wildebeest increases? To answer these questions, create a scatterplot and add the regression line. Describe the scatterplot. Interpret the slope and intercept in context of the problem. Does the intercept explanation make sense in the real world? Find the correlation coefficient and coefficient of determination. What do they tell us about the relationship between number of wildebeest and percent of grassland burned? Beest (in 1000s) Percent Burned…In a particularly small region in the Philippines, the consumer price index C depends onWhen the moving average method is used to estimate the seasonal factors with quarterly sales data, a ______ period moving average is used.
- Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data are available for one department for October: Units Percent Completed Materials Conversion Work in process, October 1 46,000 85% 65% Work in process, October 31 32,000 67% 54% The department started 391,000 units into production during the month and transferred 405,000 completed units to the next department. Required: Compute the equivalent units of production for October. Equivalent units of production: Material - Conversion -2. Given the data, test whether there is a relationship between the number of years in college (X) of thestudents and their subsequent yearly income at 5% level of significance.Construct index number of price from the following data byapplying: Marshall-Edgeworth’s methodand comment on the results. Commodity Price Quantty Price QuanttyA 2 8 4 6B 5 10 6 5C 4 14 5 10D 2 19 2 13
- Consider the following data:Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit ($) 15,70915,709 15,85915,859 14,65514,655 16,71316,713 18,36318,363 17,17017,170 19,14519,145 18,42418,424 20,20620,206 Step 1 of 4 : Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.Consider the following data:Monthly Profit of an Auto Repair Shop Month Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Profit ($) 17,93117,931 18,08118,081 16,85516,855 19,04619,046 20,56320,563 17,39017,390 19,12319,123 18,66618,666 20,47020,470 Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place.Nas corporation's manager in the stamping department have been studying the overhead cost and the relatioship machine hours. Data from the most recent 12 months Month Overhead Machine hours January 5,030 2,730 February 1,600 600 March 7,210 3,403 April 4,560 2,200 May 6,880 3,411 June 6,520 2,586 July 6,230 3,364 August 5,570 2,411…
