Gas was 3.04 a gallon on Monday. On Wednesday, gas prices increased 6.5%. On Friday, prices decreased 3.3%. What was the price of a gallon of gas on Friday?
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Gas was 3.04 a gallon on Monday. On Wednesday, gas prices increased 6.5%. On Friday, prices decreased 3.3%. What was the price of a gallon of gas on Friday?
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- On April 1, the price of gas at Bob's Corner Station was $3.50 per gallon. On May 1, the price was $4.00 per gallon. On June 1, it was back down to $3.50 per gallon. Between April 1 and May 1, Bob's price increased by $0.50 Between May 1 and June 1, Bob's price decreased by $0.50 Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is greater when gas costs $4.00 than when gas costs $3.50. Some economists blame high commodity prices (including the price of gas) on interest rates being too low, Suppose the Fed raises the target for the federal funds rate from 2% to 2.75%. This change of raised its target by approximately of 14.29% Y or 14.29%Y percentage points means that the FedDetermine whether or not this statement makes sense and explain: "Gas prices jumped by 1% in January and 1% in February, so the increase in gas prices over the two months was 2%."Auto sales at Carmen's Chevrolet are shown below. Using a 3-week moving average, what is the forecasted sales for month 7? note: write the rounded-off number (eg. "75" and NOT "75.17") Month Auto Sales 1 7 2 9 3 10 12 9 11 ??? 4 5 6 7
- Is It Thanksgiving Break Yet? (TBY) had ROI in the last year of 15%. For every $1.00 of assets invested, $5.00 of sales is generated. What is the profit margin? For dollar amounts, enter the number to two decimal places ($5 is 5.00). For percentages, enter the number as a decimal (80% is 0.80)Historical data show that customers who download music from a popular Web service spend approximately $20 per month, with a standard deviation of $3. Assume the spending follows the normal probability distribution. Find the probability that a customer will spend at least $18 per month. How much (or more) do the top 7% of customers spend? What is the probability that a customer will spend at least $18 per month? 0.7475 (Round to four decimal places as needed.) How much do the top 7% of customers spend? (Round to the nearest cent as needed.)Sales at LL Boutique decreased 10% this month compared to last month. If sales this month were $121,581, what were the sales (in $) last month? $______
- Sales last year during June were $20,000. Sales this June were $21,500. What percentage increase or decrease in sales has occurred? If this trend continues, what sales should be forecast for next June? Please include your calculation procedure.Using the following Quarterly Sales Demand Data; read and answer the questions listed below. Quarter # Actual Sales (dollars) 1 1416 2 1398 3 1274 4 1167 Calculate the average quarterly Seasonal Index value? (rounded to 2 decimal places). Calculate the total sales if there is a 35% total annual sales decrease next year? (rounded to the nearest whole number) Calculate the Seasonal Index value for Quarter 3? (rounded to 2 decimal places)According to Autodata research, in a recent year, Toyota sold 130,307 vehicles in the United States in the month of November. If November sales increased 2.6% one year later, how many vehicles were sold in that month.
- A company receives three check per month. Each is for $25,000. The number of days float on the first is 9 days. On the second, 6 days. On the third, 3 days. What is the weighted average delay?Last week, your cafe sold 6,100 cups of coffee. Demand is expected to increase in the coming week by 10% due to a conference being held near the cafe. Calculate expected demand for the coming week if nothing else changes.In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of owning a home was less expensive than renting. The following data show the average asking rent for 10 markets and the monthly mortgage on the median priced home (including taxes and insurance) for 10 cites where the average monthly mortgage payment was less than the average asking rent (The Wall Street Journal, November 2627, 2011). a. Develop a scatter chart for these data, treating the average asking rent as the independent variable. Does a simple linear regression model appear to be appropriate? b. Use a simple linear regression model to develop an estimated regression equation to predict the monthly mortgage on the median priced home given the average asking rent. Construct a plot of the residuals against the independent variable rent. Based on this residual plot, does a simple linear regression model appear to be appropriate? c. Using a quadratic regression model, develop an estimated regression equation to predict the monthly mortgage on the median-priced home, given the average asking rent. d. Do you prefer the estimated regression equation developed in part (a) or part (c)? Create a plot of the linear and quadratic regression lines overlaid on the scatter chart of the monthly mortgage on the median-priced home and the average asking rent to help you assess the two regression equations. Explain your conclusions.