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The fitted regression is Sales = 902-32.8 Price. (a-1) If Price 1, what is the prediction...
Value: 0.00 points The regression equation Netlncome2,6040.0315 Revenue was estimated from a samp...
a-2 and b i need help on
value: 0.00 points The regression equation Netlncome2,6040.0315 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars). (a-1) f Revenue 1, then Netincome 2604.03 million. (Round your answer to 2 decimal places.) (a-2) Choose the correct statement. O increasing the revenue raises the net income. Increasing the revenue lowers the net income. Decreasing the revenue raises the net income. (b) Choose the right option O The...
1. If an estimated regression line has a y-intercept of 10 and a slope of 4,...
1. If an estimated regression line has a y-intercept of 10 and a slope of 4, then when x = 2 the actual value ofy is: а. 18 b. 15 с. 14 d. unknown 2. Given the least squares regression line v = 5- 2x: a. the relationship between x and y is positive b. the relationship between x and y is negative. c. asx decreases, so does y. d. None of these choices. 3. A regression analysis between weight...
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The...
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors’ advertising expenditures (thousands of dollars), X3 = advertised price (dollars per unit). Predictor Coefficient Intercept 1,287.26 FloorSpace 11.52 CompetingAds −6.934 Price −0.1476 (a) Write the fitted regression equation. (Round your coefficient CompetingAds to 3 decimal places, coefficient Price to 4 decimal places, and other...
Cove's Cakes is a local bakery. Price and cost information follows: $ 13.41 Price per cake...
Cove's Cakes is a local bakery. Price and cost information follows: $ 13.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.26 1.14 0.11 $2,970.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.30 per cake. b. Fixed costs increase by $460 per month. c. Variable costs decrease by $0.27 per cake. d. Sales price decreases by $0.40 per cake....
The multiplication of two variables is used as a predictor if the two variables jointly affect...
The multiplication of two variables is used as a predictor if the two variables jointly affect the response. True O False Question 7 1 pts Even if the P-value of the F test in a multiple regression model is nearly zero, it is possible that the R of the model is much less than one. OT False Question 8 1 pts in selecting independent variables for a regression model, neither the forward selection method nor the backward elimination method guarantee...
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The...
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars). X = display floor space square meters). X- competitors' advertising expenditures (thousands of dollars). X, advertised price (dollars per unit) Predictor Intercept FloorSpace Competing Ads Price Coefficient 1203 91 11.29 -8.889 -0.1448 (a) Write the fitted regression equation (Round your coefficient Competing Ads to 3 decimal places, coefficient Price to 4 decimal places, and...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.32 1.02 0.28 $3,297.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.70 per cake. b. Fixed costs increase by $515 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.70 per cake....
i Franchise Value and Annual Revenue Х (millions of dollars) 192 246 278 202 255 194...
i Franchise Value and Annual Revenue Х (millions of dollars) 192 246 278 202 255 194 280 272 161 210 231 266 175 217 171 (millions of dollars) 518 720 767 528 787 533 831 835 277 596 690 815 265 611 267 Print Done The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives the value and the annual revenue for 15 major sport teams....
Ret Selling price Variable expenses Contribution margin Per Unit $ 95 57 $ 38 Percent of...
Ret Selling price Variable expenses Contribution margin Per Unit $ 95 57 $ 38 Percent of Sales 1000 60 40% Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400 and monthly sales increase by $17,100? 1-b. Should the advertising budget be increased? Answer is complete but not entirely correct. Complete...
Question 1 2 pts Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is...
Question 1 2 pts Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is the effect on Net Income if the sales quantity increases 200 units, sales price decreases $10, and monthly advertising expense increases by $5,000? Q1000 $60 Sales $60,000 Variable costs 35,000 Contribution margin $25,000 Fixed costs 17,500 Net Income $ 7,500 35 $25 O $4,500 decrease $12,000 increase O $12,000 decrease $4,500 increase
a-2 and b i need help on
value: 0.00 points The regression equation Netlncome2,6040.0315 Revenue was estimated from a sample of 100 leading world companies (variables are in millions of dollars). (a-1) f Revenue 1, then Netincome 2604.03 million. (Round your answer to 2 decimal places.) (a-2) Choose the correct statement. O increasing the revenue raises the net income. Increasing the revenue lowers the net income. Decreasing the revenue raises the net income. (b) Choose the right option O The...
1. If an estimated regression line has a y-intercept of 10 and a slope of 4, then when x = 2 the actual value ofy is: а. 18 b. 15 с. 14 d. unknown 2. Given the least squares regression line v = 5- 2x: a. the relationship between x and y is positive b. the relationship between x and y is negative. c. asx decreases, so does y. d. None of these choices. 3. A regression analysis between weight...
Cove's Cakes is a local bakery. Price and cost information follows: $ 13.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.26 1.14 0.11 $2,970.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.30 per cake. b. Fixed costs increase by $460 per month. c. Variable costs decrease by $0.27 per cake. d. Sales price decreases by $0.40 per cake....
The multiplication of two variables is used as a predictor if the two variables jointly affect the response. True O False Question 7 1 pts Even if the P-value of the F test in a multiple regression model is nearly zero, it is possible that the R of the model is much less than one. OT False Question 8 1 pts in selecting independent variables for a regression model, neither the forward selection method nor the backward elimination method guarantee...
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars). X = display floor space square meters). X- competitors' advertising expenditures (thousands of dollars). X, advertised price (dollars per unit) Predictor Intercept FloorSpace Competing Ads Price Coefficient 1203 91 11.29 -8.889 -0.1448 (a) Write the fitted regression equation (Round your coefficient Competing Ads to 3 decimal places, coefficient Price to 4 decimal places, and...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.32 1.02 0.28 $3,297.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.70 per cake. b. Fixed costs increase by $515 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.70 per cake....
i Franchise Value and Annual Revenue Х (millions of dollars) 192 246 278 202 255 194 280 272 161 210 231 266 175 217 171 (millions of dollars) 518 720 767 528 787 533 831 835 277 596 690 815 265 611 267 Print Done The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives the value and the annual revenue for 15 major sport teams....
Ret Selling price Variable expenses Contribution margin Per Unit $ 95 57 $ 38 Percent of Sales 1000 60 40% Fixed expenses are $79,000 per month and the company is selling 3,600 units per month. Exercise 6-5 Part 1 Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,400 and monthly sales increase by $17,100? 1-b. Should the advertising budget be increased? Answer is complete but not entirely correct. Complete...
Question 1 2 pts Kelly's Karts, LLC reported the following Contribution Margin Income Statement. What is the effect on Net Income if the sales quantity increases 200 units, sales price decreases $10, and monthly advertising expense increases by $5,000? Q1000 $60 Sales $60,000 Variable costs 35,000 Contribution margin $25,000 Fixed costs 17,500 Net Income $ 7,500 35 $25 O $4,500 decrease $12,000 increase O $12,000 decrease $4,500 increase
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