Contemporary Mathematics for Business & Consumers
Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
bartleby

Videos

Question
Chapter 21.I, Problem 6RE
To determine

To graph: The comparative bar chart of the deluxe and standard sale per month in the north-west territory for Magnum enterprises as the sales manager.

Blurred answer
Students have asked these similar questions
Consider the following monthly revenue data for an up-and-coming cyber security company.Sales Data Month Revenue (Thousands of Dollars) Month Revenue (Thousands of Dollars) 11 326326 1010 816816 22 552552 1111 827827 33 535535 1212 846846 44 571571 1313 850850 55 636636 1414 849849 66 685685 1515 854854 77 700700 1616 867867 88 705705 1717 875875 99 787787 1818 881881 The summary output from a regression analysis of the data is also provided.Regression Statistics Multiple R 0.9183542530.918354253 R Square 0.8433745340.843374534 Adjusted R Square 0.8335854420.833585442 Standard Error 63.399295263.3992952 Observations 1818 ANOVA   dfdf SSSS MSMS FF Regression 11 346,295.581011346,295.581011 346,295.581011346,295.581011 86.1545245186.15452451 Residual 1616 64,311.53010064,311.530100 4019.4706314019.470631   Total 1717 410,607.111111410,607.111111       Coefficients Standard Error tt Stat P-value Intercept…
School Type Cost 30 Year ROI Annual ROI Private $222,700.00 $1,786,000.00 7.70% Private $176,400.00 $1,758,000.00 8.40% Private $212,200.00 $1,714,000.00 7.80% Public $125,100.00 $1,535,000.00 9.10% Private $212,700.00 $1,529,000.00 7.40% Public $92,910.00 $1,501,000.00 10.10% Private $214,900.00 $1,485,000.00 7.30% Private $217,800.00 $1,483,000.00 7.20% Private $225,600.00 $1,444,000.00 7.00% Private $217,300.00 $1,442,000.00 7.10% Private $226,500.00 $1,441,000.00 7.00% Private $215,500.00 $1,438,000.00 7.20% Private $223,500.00 $1,428,000.00 7.00% Private $226,600.00 $1,414,000.00 7.00% Private $189,300.00 $1,397,000.00 7.50% Public $89,700.00 $1,382,000.00 9.90% Public $87,030.00 $1,376,000.00 10.00% Private $218,200.00 $1,343,000.00 6.90% Private $229,900.00 $1,339,000.00 6.70% Private $148,800.00 $1,321,000.00 8.10%  Calculate the estimated ‘Annual % ROI’ when the ‘Cost’ (X) is $160,000. Test the hypothesis:  o   H0: β1 = 0 o   Ha: β1…
Table 2 Department Mean SD CoefVar Min Q1 Median Q3 Max IQR Skewness Finance 6.052 3.874 64.01 1.630 3.393 4.585 7.500 22.860 4.107 2.00 HR 5.441 3.235 59.45 2.000 3.200 4.100 6.430 21.860 3.230 1.24 IT 5.880 3.887 66.10 0.530 3.250 4.630 6.8 24.980 3.550 2.18 Marketing 6.010 3.737 62.18 1.670 3.475 5.000 6.645 22.200 3.170 2.14 Training 6.095 3.719 61.02 1.500 3.330 5.000 7.640 20.000 4.310 2.00   CoefVar stands for coefficient of variation     graph (1)     The company has hired you to answer the following questions:     Do you think that the salaries in the departments are skewed, justify your answer with proper measure from table (2).

Chapter 21 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 21.I - Prob. 1RECh. 21.I - TABLE 21-1 Magnum Enterprises Six-Month Sales...Ch. 21.I - Prob. 3RECh. 21.I - Prob. 4RECh. 21.I - TABLE 21-1 Magnum Enterprises Six-Month Sales...Ch. 21.I - Prob. 6RECh. 21.I - Prob. 7RECh. 21.I - BUSINESS DECISION: CHOOSING A CHART 8. You have...Ch. 21.II - Prob. 11TIECh. 21.II - Prob. 12TIECh. 21.II - Prob. 13TIECh. 21.II - Prob. 14TIECh. 21.II - Prob. 15TIECh. 21.II - Prob. 1RECh. 21.II - Prob. 2RECh. 21.II - Prob. 3RECh. 21.II - Prob. 4RECh. 21.II - Prob. 5RECh. 21.II - Prob. 6RECh. 21.II - Prob. 7RECh. 21.II - Prob. 8RECh. 21.II - Prob. 9RECh. 21.II - Prob. 10RECh. 21.II - Determine the mode of the following sets of...Ch. 21.II - Prob. 12RECh. 21.II - Prob. 13RECh. 21.II - Prob. 14RECh. 21.II - Prob. 15RECh. 21.II - Prob. 16RECh. 21.II - Prob. 17RECh. 21.II - The following numbers represent the gallons of...Ch. 21.II - You are the owner of The Dependable Delivery...Ch. 21.II - Prob. 20RECh. 21.III - Prob. 17TIECh. 21.III - Prob. 18TIECh. 21.III - Prob. 1RECh. 21.III - You are the sales manager of the Esquire...Ch. 21.III - Prob. 3RECh. 21.III - BUSINESS DECISION: RELATIVE FREQUENCY...Ch. 21 - 1. The systematic process of collecting,...Ch. 21 - 2. Statistical procedures that deal with the...Ch. 21 - A collection of related data arranged for ease of...Ch. 21 - Prob. 4CRCh. 21 - 5. The horizontal axis of a line chart is known as...Ch. 21 - Prob. 6CRCh. 21 - To construct a pie chart, we multiply each...Ch. 21 - Prob. 8CRCh. 21 - 9. The _______ is the midpoint value of a set of...Ch. 21 - Prob. 10CRCh. 21 - Prob. 11CRCh. 21 - Prob. 12CRCh. 21 - Prob. 13CRCh. 21 - Prob. 14CRCh. 21 - 1. The following data represent the monthly sales...Ch. 21 - Prob. 2ATCh. 21 - Prob. 3ATCh. 21 - You have just been hired as the quality control...Ch. 21 - 5. You are the human resource director for Apollo...
Knowledge Booster
Math
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Similar questions
  • The staff of controller of McCourt Company added the variable "pounds moved" to the ten-month data set: Month Materials Handling Cost Number of Moves Pounds Moved January $5,600 475 12,000 February   3,090 125 15,000 March   2,780 175   7,800 April   8,000 600 29,000 May   1,990 200      600 June   5,300 300 23,000 July   4,300 250 17,000 August   6,300 400 25,000 September   2,000 100   6,000 October   6,240 425 22,400 Required: 1. Using the data on material handling, use regression software such as Microsoft Excel to complete the missing data in the table below (round regression parameters to the nearest cent and other answers to three decimal places): McCourt CompanySUMMARY OUTPUT Regression Statistics Multiple R 0.999 R Square fill in the blank 491c8af8afe4f84_1 Adjusted R Square fill in the blank 491c8af8afe4f84_2 Standard Error 119.600 Observations 10   ANOVA   df SS MS F Significance F Regression 2 37,768,070.16 18,884,035…
    The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Cost Level of Activity (units Produced) July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 Using the information above answer both questions below 1.  Prepare the scatter diagram, clearly showing any outliers.2.  Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.)
    The table below shows monthly data collected on production costs and on the number of units produced over a twelve-month period. Month Total Production Costs Level of Activity (Units Produced) July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 A) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 ) B) In view of the department’s cost behavior pattern, which of the two methods appear more appropriate? Explain your answer.
  • Region Product Type Item Projected Sales 2022 (in millions) Americas Legacy B 18.6 Americas Legacy B 1.4 Americas Legacy B 9.4 Americas Legacy B 11.6 Americas Legacy B 7.1 Americas Legacy B 8.6 Americas Legacy B 6.9 Americas Legacy B 9.4 Americas Legacy B 8 Americas Legacy B 12.4 Americas Legacy B 16.3 Americas Legacy B 12.4 Americas Legacy B 5.7 Americas Legacy B 8.1 Americas Legacy B 14.6 Americas Legacy B 3.2 Americas Legacy B 13.1 Americas Legacy B 6.5 Americas Legacy B 6.6 Americas Legacy B 14 Americas Legacy B -1.6 Americas Legacy B -5.5 Americas Legacy B 10.5 Americas Legacy B 9.7 Americas Legacy B 5.9 Americas Legacy B 9 Americas Legacy B 7.9 Americas Legacy B 4.4 Americas Legacy B 8.2 Americas Legacy B 2.9 Americas Legacy B 10.6 Americas Legacy B 7.8 Americas Legacy B 5.2 Americas Legacy B 14.4 Americas Legacy B 4.1 Americas Legacy B 7.7 Americas Legacy B 2.6 Americas Legacy B 10.1 Americas Legacy B…
    we have the following data:   (large urban area) public transportation passenger miles (million) (very large urban area) public transportation passenger miles (million) 1982 133 1312 1983 146 1450 1984 151 1545 1985 155 1699 1986 153 1805 1987 153 2018 1988 151 2074 1989 149 2097 1990 151 2168 1991 158 2137 1992 162 2196 1993 182 2194 1994 188 2236 1995 190 2356 1996 199 2508 1997 205 2310 1998 217 2442 1999 231 2550 2000 236 2671 2001 235 2749 2002 237 2740 2003 233 2718 (1) test whether the means for public transportation passenger miles between 1982 and 2003 are the same for the two groups: large urban areas and very large urban areas. (2) what are the 95% confidence interval of the difference between the two means?
    The following data set provides infromation on acres harvested and planted by year and value in the US. Year ASPARAGUS - ACRES HARVESTED ASPARAGUS - ACRES PLANTED 2015 21,700 23,500 2014 23,800 25,800 2013 24,500 26,800 2012 25,300 27,800 2011 26,800 28,400 2010 28,000 29,200 2009 29,200 30,700 2008 32,200 33,700 2007 38,600 40,900 2006 43,200 44,700 2005 49,300 51,700 2004 61,500 66,000 2003 58,000 62,000 2002 66,000 70,500 2001 70,150 75,150 2000 77,400 82,800 1999 75,890 79,590 1998 74,430   From the data set, use the planting data for the United States for recent years. Using a calculator or statistical software, find the equation for the linear regression line for 2010 to 2015. What is the pattern of the data set? Select the correct answer below:   Positive linear pattern No pattern Negative linear pattern…
  • Table #7.3.8: Economic Dynamism of Middle Income Countries 25.8057 37.4511 51.915 43.6952 47.8506 43.7178 58.0767 41.1648 38.0793 37.7251 39.6553 42.0265 48.6159 43.8555 49.1361 61.9281 41.9543 44.9346 46.0521 48.3652 43.6252 50.9866 59.1724 39.6282 33.6074 21.6643       7.3.8 Maintaining your balance may get harder as you grow older.  A study was conducted to see how steady the elderly is on their feet.  They had the subjects stand on a force platform and have them react to a noise.  The force platform then measured how much they swayed forward and backward, and the data is in table #7.3.10 ("Maintaining balance while," 2013).  Do the data show that the elderly sway more than the mean forward sway of younger people, which is 18.125 mm?  Test at the 5% level.   Table #7.3.10: Forward/backward Sway (in mm) of Elderly Subjects 19 30 20 19 29 25 21 24 50
    Table 10-2   A problem with a phone line that prevents a customer from receiving or making calls is upsetting to both the customer and the telecommunications company. The file “Phone” contains samples of 20 problems reported to two different offices of a telecommunications company and the time toclear these problems (in minutes) from the customers’ lines:   Central Office I Time to Clear Problems (minutes) 1.48 1.75 0.78 2.85 0.52 1.60 4.15 3.97 1.48 3.10 1.02 0.53 0.93 1.60 0.80 1.05 6.32 3.93 5.45 0.97   Central Office II Time to Clear Problems (minutes) 7.55 3.75 0.10 1.10 0.60 0.52 3.30 2.10 0.58 4.02 3.75 0.65 1.92 0.60 1.53 4.23 0.08 1.48 1.65 0.72   Assuming that the population variances from both offices are not equal, is there evidence of a difference in the mean waiting time between two offices? (Use a = 0.01) ▪ You may need to download file “Phone”. Referring to Table 10-2, judging from the way the data were collected, which test would likely be most appropriate to…
    Table 10-2   A problem with a phone line that prevents a customer from receiving or making calls is upsetting to both the customer and the telecommunications company. The file “Phone” contains samples of 20 problems reported to two different offices of a telecommunications company and the time toclear these problems (in minutes) from the customers’ lines:   Central Office I Time to Clear Problems (minutes) 1.48 1.75 0.78 2.85 0.52 1.60 4.15 3.97 1.48 3.10 1.02 0.53 0.93 1.60 0.80 1.05 6.32 3.93 5.45 0.97   Central Office II Time to Clear Problems (minutes) 7.55 3.75 0.10 1.10 0.60 0.52 3.30 2.10 0.58 4.02 3.75 0.65 1.92 0.60 1.53 4.23 0.08 1.48 1.65 0.72   Assuming that the population variances from both offices are not equal, is there evidence of a difference in the mean waiting time between two offices? (Use a = 0.01) ▪ You may need to download file “Phone”. Referring to Table 10-2, at the α = 0.05 level, the correct critical value(s) is (are)   Question 3 options:…
  • Table 10-2   A problem with a phone line that prevents a customer from receiving or making calls is upsetting to both the customer and the telecommunications company. The file “Phone” contains samples of 20 problems reported to two different offices of a telecommunications company and the time toclear these problems (in minutes) from the customers’ lines:   Central Office I Time to Clear Problems (minutes) 1.48 1.75 0.78 2.85 0.52 1.60 4.15 3.97 1.48 3.10 1.02 0.53 0.93 1.60 0.80 1.05 6.32 3.93 5.45 0.97   Central Office II Time to Clear Problems (minutes) 7.55 3.75 0.10 1.10 0.60 0.52 3.30 2.10 0.58 4.02 3.75 0.65 1.92 0.60 1.53 4.23 0.08 1.48 1.65 0.72   Assuming that the population variances from both offices are not equal, is there evidence of a difference in the mean waiting time between two offices? (Use a = 0.01) ▪ You may need to download file “Phone”. Referring to Table 10-2, at the α = 0.05 level, the decision is   Question 5 options:   1)  Cannot…
    Table 10-2   A problem with a phone line that prevents a customer from receiving or making calls is upsetting to both the customer and the telecommunications company. The file “Phone” contains samples of 20 problems reported to two different offices of a telecommunications company and the time toclear these problems (in minutes) from the customers’ lines:   Central Office I Time to Clear Problems (minutes) 1.48 1.75 0.78 2.85 0.52 1.60 4.15 3.97 1.48 3.10 1.02 0.53 0.93 1.60 0.80 1.05 6.32 3.93 5.45 0.97   Central Office II Time to Clear Problems (minutes) 7.55 3.75 0.10 1.10 0.60 0.52 3.30 2.10 0.58 4.02 3.75 0.65 1.92 0.60 1.53 4.23 0.08 1.48 1.65 0.72   Assuming that the population variances from both offices are not equal, is there evidence of a difference in the mean waiting time between two offices? (Use a = 0.01) ▪ You may need to download file “Phone”.   Referring to Table 10-2, the correct test statistic is   Question 4 options:   1)  2.04, -2.04.…
    Table 1 Patterns of disease in Mainland Tanzania                                                                                                                Age group (Years)       # of people       Total # of deaths     # of deaths gastroenteritis # of deaths respiratory disease     # of deaths heart disease 00-09 5,000 40 24 8 2 10-19 6,000 70 20 10 1 20-29 5,400 84 4 4 2 30--39 5,000 40 2 2 4 40-49 4,400 40 2 6 10 50-59 5,400 70 2 14 20 60-69 6,200 90 4 12 30 70-79 3,800 180 20 40 80 80+ 3,000 240 40 50 150 Local authorities in Mainland Tanzania are concerned about the health status of its community. A review of annual health statistics shows the following pattern of diseases. What is the ratio of deaths from gastroenteritis to heart disease in the total population, and in the 0-9 and 70-79 age groups respectively? What do you notice?…
    • SEE MORE QUESTIONS
    Recommended textbooks for you
  • Discrete Mathematics and Its Applications ( 8th I...
    Math
    ISBN:9781259676512
    Author:Kenneth H Rosen
    Publisher:McGraw-Hill Education
    Mathematics for Elementary Teachers with Activiti...
    Math
    ISBN:9780134392790
    Author:Beckmann, Sybilla
    Publisher:PEARSON
    Calculus Volume 1
    Math
    ISBN:9781938168024
    Author:Strang, Gilbert
    Publisher:OpenStax College
  • Thinking Mathematically (7th Edition)
    Math
    ISBN:9780134683713
    Author:Robert F. Blitzer
    Publisher:PEARSON
    Discrete Mathematics With Applications
    Math
    ISBN:9781337694193
    Author:EPP, Susanna S.
    Publisher:Cengage Learning,
    Pathways To Math Literacy (looseleaf)
    Math
    ISBN:9781259985607
    Author:David Sobecki Professor, Brian A. Mercer
    Publisher:McGraw-Hill Education
  • Discrete Mathematics and Its Applications ( 8th I...
    Math
    ISBN:9781259676512
    Author:Kenneth H Rosen
    Publisher:McGraw-Hill Education
    Mathematics for Elementary Teachers with Activiti...
    Math
    ISBN:9780134392790
    Author:Beckmann, Sybilla
    Publisher:PEARSON
    Calculus Volume 1
    Math
    ISBN:9781938168024
    Author:Strang, Gilbert
    Publisher:OpenStax College
    Thinking Mathematically (7th Edition)
    Math
    ISBN:9780134683713
    Author:Robert F. Blitzer
    Publisher:PEARSON
    Discrete Mathematics With Applications
    Math
    ISBN:9781337694193
    Author:EPP, Susanna S.
    Publisher:Cengage Learning,
    Pathways To Math Literacy (looseleaf)
    Math
    ISBN:9781259985607
    Author:David Sobecki Professor, Brian A. Mercer
    Publisher:McGraw-Hill Education
    Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
    Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License