The following table represents data involving direct labour costs (in Rands) and the batch size (in units) produced by a small manufacturing concern that specialises in a single product. BATCH SIZE (units) LABOUR COSTS (Rands) 15 200 18
Benz-Merc Cars produces four classes of cars: subcompact, compact, intermediate and luxury. BM also produces trucks and vans. Vendor capacities limit total production capacity to at most 1.2 million vehicles per year. Subcompacts and compacts are built together in a facility with a total annual capacity of 620,000 cars. Intermed
What is the distinction between b-coefficient and beta coefficient ?
Skimmer Boat Company: This is a linear programming problem. I need help formulating the model (constraints)
The Skimmer Boat Company manufactures the Water Skimmers bass fishing boat. The company purchases the engines it installs in its boats from the Margine company, which specializes in marine engines. Skimmer has the following production schedule for April, May, June, and July. MONTH PRODUCTION April 60 May
On their farm, the Friendly family grows apples that they harvest each fall and make into three products- apple butter, applesauce, and apple jelly. They sell these three items at several local grocery stores, at craft fairs in the region, and at their own Friendly Farm Pumpkin Festival for two weeks in October. Their three prim
Started plotting my business income 5 years ago in 1997. I do it quarterly because later on I want to check for the seasonal variation. My regression equation is: Income = $2300.00 + 150t t = time in quarters (3months = quarter) What kind of fortune (income) should I expect to rake in by the end of year 2003? This is a
This paragraph is from an article I am studying. I am suppose to know how to generate and explain a correlational value by this data. During the 10-month period during which these six exposures were detected, a total of 2,316 general anesthetics using isoflurane or desflurane were delivered in operating rooms monitored by ma
Develop a linear programming model that would tell Larkin how to fill the order for 1200 lock sets at the minimum cost.
Larkin Industries manufactures several lines of decorative and functional metal items. The most recent order has been for 1200 door lock units for an apartment complex developer. The sales and production departments must work together to determine delivery schedules. Each lock unit consists of three components: the knob and
DETAILS: Prepare an analysis (NOT in the ppt format) for Piggybank that compares the two incentive options: A. cash back when the consumer makes an online purchase, and B. cash back when the consumer makes a purchase at a clothing store. See the attached pdf file and use the statistical information data from 2004 2nd quar
(See attached file for full problem description with proper equations) Given , x > 0, y > 0, find (a) the marginal density functions, (b) the conditional density functions, (c) the curve of regression of Y on X.
Please assist in answering the following questions and see attachment**** 1. Interpret the estimated model coefficient b1 2. Interpret the estimated model coefficient b2.
Provide a managerial interpretation of the estimated slope.
The transportation method is a linear programming technique where linearity can be found in the following way: a. the cost of goods shipped from any source to any destination is a linear function of quantity shipped b. the total cost associated with a given plan is a linear function of shipping costs c. cell evaluations assum
Please show calculations and formulas used to work this problem. Please help me to understand the problem thanks.
13-16 We are studying mutual bond funds for the purpose of investing in several funds. For this particular study, we want to focus on the assets of a fund and its five-year performance. The question is: Can the five-year rate of return be estimated based on the assets of the fund? Nine mutual funds were selected at random, and
Suppose that you are interested in examining the determinants of the use of plea bargaining by state prosecutors. During a one-month period, you record for each state in the US (1) the number plea bargains per 1,000 cases (y), (2) the average number of cases per prosecutor (x1), and (3) the average number of empty beds in the st
One of the most common uses of C and R is in the marketing department. Specifically, it is used to do alot of sales forecasting. In the business world, sales is sales of products or services and in health care, sales would probably be considered patient services. A more common independent variable often used is Advertising
Determine the least squares equation. According to this information, what are the estimated sales for 2005? Listed below is the net sales in $ million for Home Depot, Inc. and its subsidiaries from 1993 to 2002. Determine the least squares trend equation. Estimate the amount of scrap for the year 2005. Year Net Sales
A least squares linear trend line is just a simple regression line with the independent variable being time (months or years for example).
A least squares linear trend line is just a simple regression line with the independent variable being time (months or years for example). True or False.
The personal consumption expenditures for telephone, in billions of dollars, in the United States for the year 1996 to 2001 are given below. Determine the least squares equation, and estimate the expenditure for 2004. Year Code Expenditure ($billions) 1996 1
We are studying mutual bond funds for the purpose of investing several funds. For this particular study, we want to focus on the assets of a fund and its five-year performance. The question is: Can the five-year rate of return be estimated based on the assets of the fund? Nine mutual funds were selected at random, and their asse
3. The following table gives the annual amount of scrap produced by Machine Products, Inc. (See attachment for chart) Determine the least squares trend equation. Estimate the amount of scrap for the year 2003. 4. Victor Anderson, the owner of Anderson Belts, Inc., is studying absenteeism among his employees. His workfo
A researcher studies the relationship between political attitudes and income. He/she finds that those with higher income are more conservative. The most likely confounding variate is _______ income, age, weight, health status I believe income is the only correct answer - please advsie answer & why - thanks!
For any random variables X and Y (a)show that X and (Y-E(Y|X))are uncorelated (b)briefly comment on (a), why is this so?
7. The Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 (S&P) indexes are both used as measures of overall movement in the stock market. The DJIA is based on the price movements of 30 large companies; the S&P 500 is an index composed of 500 stocks. Some say the S&P 500 is a better measure of stock market perfo
I have attached a long regression problem that I completed most of. I'd like you to tell me what I did wrong including incorrect calculations. Comments and hints would be also be greatly appreciated as I am just learning this. I know this is a long problem so Im offering 12 credits. Thanks. I have attached the problem as it
See attched data: Plot the data, determine the least squares trend equation, and use the trend equation to calculate the points for 97 and 99. Plot them on a grpah and draw the regression line. Estimate net sales for 2003. How much have sales gone up or down per yr. on average during th period.
Only for above listed OTA Please explain. Find regression equation letting first variable be the independent (x) variable. Find the predicted values using the prediction procedure. Bear Chest sizes and Weights x Chest (in.) 26, 45, 54, 49, 41, 49, 44, 19 y Weight (lb) 90, 344, 416, 348, 262, 360, 332, 34 Find the best pred
Only for above listed OTA. Find equation of regession line. Please explain. x: 2,4,5,6,8 y: 3,1,0,-1, -3
Subject: Linear Programming Details: The programs that can be used are Excel Slover, Data analyis, spreed sheets, linear Programming and PERT/CPM models. = 19. A company that makes garments is unionized. Each full time employee works 40 hours per week,earns $13 per hour, and the union contract says that the number of full
Details: 1 in 60,000 occurence for accident 1 in 35 occurence for accident accident happened on 25th try -compare probabilities of one accident in 25 times using binominal distribution