What is the regression equation? Use the equation to forecast pool attendance if temperature is 88°
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Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify your answer, including units (if necessary). Answers that need formulas must have them within the answer cell to receive full credit.
- City is trying to determine future demand for their public pool in order to help with staffing decisions. City thinks that demand could be related to temperature in Fahrenheit. Below is the most recent data from the last two weeks.
|
Pool Attendance |
Temperature (°F) |
|
150 |
89 |
|
100 |
82 |
|
125 |
81 |
|
130 |
86 |
|
155 |
93 |
|
170 |
98 |
|
200 |
99 |
|
180 |
87 |
|
190 |
88 |
|
140 |
83 |
|
120 |
82 |
|
90 |
81 |
|
130 |
87 |
|
120 |
93 |
- What is the regression equation?
- Use the equation to
forecast pool attendance if temperature is 88°
Step by step
Solved in 5 steps with 4 images
- It costs a pharmaceutical company 75,000 to produce a 1000-pound batch of a drug. The average yield from a batch is unknown but the best case is 90% yield (that is, 900 pounds of good drug will be produced), the most likely case is 85% yield, and the worst case is 70% yield. The annual demand for the drug is unknown, with the best case being 20,000 pounds, the most likely case 17,500 pounds, and the worst case 10,000 pounds. The drug sells for 125 per pound and leftover amounts of the drug can be sold for 30 per pound. To maximize annual expected profit, how many batches of the drug should the company produce? You can assume that it will produce the batches only once, before demand for the drug is known.The graphs shows the amount being paid in Social Security benefits and the amount going into the system. In 2004, the system’s income was $575 billion, projected to increase at an average rate of $43 billion per year. In which year will the system’s income be $1177 billion?The data for the system’s outflow can be modeled by the formulaB = 0.07x2 + 47.4x + 500,where B represents the amount paid in benefits, in billions of dollars, x years after 2004. According to this model, when willthe amount paid in benefits be $1177 billion? Round to the nearest year. How well do your answers model the data shown by the graphs?The weekly meetings of Lyle's staff have had little attendance, and those who attend usually do multitasks instead of paying attention. Using the research cycle, Lyle discovered that the problem is that the time of the staff meeting coincides with the delivery date of the weekly financial reports. Read the following possible courses of action and decide what is the BEST way for Lyle to handle the situation and what is the WORST way for him to handle the situation? 1. Inform staff that your meeting has more priority than the reports of the finance department. 2. Change the meeting time of the staff until after they submit the weekly reports and see if improves assistance and focus. 3. Cancel staff meetings so that the team can concentrate on completing their financial reports. 4. Allow staff to continue performing multiple tasks so that they can attend their meeting and do the financial reports.
- ADVANCED ANALYSIS Linear equations for the consumption and saving schedules take the general form: C = a + bY and S = -a + (1-b)Y where C, S, and Y are consumption, saving, and national income, respectively. The constant a represents the vertical intercept, and b represents the slope of the consumption schedule. a. Use the following data to substitute specific numerical values into the consumption and saving equations. Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. C = $ Y. S = $ Y. b. What is the economic meaning of b? . What is the economic meaning of (1 – b)? .1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. 2.Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine. Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental. a. What is the annual break-even point for each option?1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. 2. Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine. Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental. a. At what volume in number of rental transactions would the two options have the same cost?
- The following graph shows the demand curve for uff, a useful commodity produced on the planet Hermes. The Hermetian currency is the yen. The graph input tool also shows how demand for uff is affected by changes in the average income of Hermetians, as well as the prices of tulg and snick, two other related goods available on the planet. 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. Suppose that the price of a gram of uff decreased from 50 yen to 45 yen. This would cause a _____(options: movement along, shift of)the demand curve and therefore an increase in ________ (options: the demand for uff, the quantity of uff demanded) Plug any value lower than the current number into the Average Income box. A decrease in average income causes a leftward ________ (options:…1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine. Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental. a.At what forecasted volume should Gas & Go select BlueBox and what volume should the company select GreenFilms and why?1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false Note: please help us in this sample problem and also please explain even a little bit so that we can understand it thank you
- Identify the problem and provide a feasible DETAILED Solution (include operational and technological plan).Answer may be in handwritten or encoded in not less than 100 words (readable or at least11 font size) with your name.Case:Verification Department of a Credit Company is in-charged in verifying and approving loans. The department consist of 7 loan officers reporting at the office from 8am-5pm, Monday until Friday.They are required to verify and process at least 700 loan applications per day. Due COVID 19 infection their department and employees are often suspended to operate. The suspension results to a pile up of loan application thus, department performance significantly declines. Propose a measure/plan/solution on how to improve their department performance in compliance with the DOH Health and Safety Protocol.Operation Research UPVOTE WILL BE GIVEN. Please answer in typewritten form. Please write a detailed solution and put some comments/explanations. Do not copy answers from Chegg or here in bartleby. A company produces two products, A and B. The sales volume for A is at least 80% of the total sales of both A and B. However, the company cannot sell more than 100 units of A per day. Both products use one raw material, of which the maximum daily availability is 240 lb. The usage rates of the raw material are 2 lb per unit of A and 4 lb per unit of B. The profit units for A and B are $20 and $50, respectively. Determine the optimal product mix for the company.The college campus, it turns out, can be an ideal incubator for hatching small businesses. Nanina’s Gourmet Sauce, a pasta sauce company based in Belleville, N.J., was started, for instance, in 2005 by students taking an entrepreneurship course at Monmouth University in West Long Branch, N.J. Nanina’s products are now sold in nearly 400 supermarkets and gourmet shops in New Jersey and Manhattan, and the company’s director of operations is 23-year-old Nick Massari, a student in that class. The course at Monmouth is one of thousands of similar offerings on campuses across the United States. Undergraduate courses in how to start and run a small business are becoming as ubiquitous as Economics 101. Gone is the conventional wisdom that running a small business cannot be learned by sitting in a classroom. According to the Kauffman Foundation in Kansas City, Mo., more than 2,000 colleges and universities now offer at least a class and often an entire course of study in entrepreneurship. That…
