Complete question:
Lovely lawns, inc., intends to use sales of lawn fertilizer to predict lawn mower sales. the store manager estimates a probable six-week lag between fertilizer sales and mower sales. the pertinent data are:
Period Fertilizer Sales (tons) Number of Mowers Sold (six-week lag)
1 1.4 9
2 1 7
3 1.5 10
4 1.8 12
5 2.1 13
6 1.5 7
7 1.3 5
8 1.2 5
9 1.6 8
10 1.3 7
11 1.6 11
12 1.3 9
13 1.4 10
14 1.8 12
a. Graph these data to see whether a linear equation might describe the relationship between fertilizer and mowers.
b. Obtain a linear regression line for the data
c. Predict expected lawn mower sales for Period 15, given fertilizer sales six weeks earlier of 2.3 tons.
Solution:
a. Find the attachment for graph
b.
Fertilizer Mowers
x y
1.4 9 1.96 81 12.6
1 7 1 49 7
1.5 10 2.25 100 15
1.8 12 3.24 144 21.6
2.1 13 4.4 116 27.3
1.5 7 2.25 49 10.5
1.35 5 1.69 25 6.5
1.2 5 1.44 25 6
1.6 8 2.56 64 12.8
1.3 7 1.69 49 9.1
1.6 11 2.56 121 17.6
1.3 9 1.69 81 11.7
1.4 10 1.96 100 14
1.8 12 3.24 144 21.6
Σ =20.8 125 31.94 1201 193.3
x = 1.486
y = 8.929
EXY- nXY 193.3- (149.486 -1.486)
Calculated using the formula b =9 = 31 .94 - (14 *1. 486 *1 A86 ) =7.31405
X2 - 7.31405
Calculated using Excel a =Y - bX = 8.929 - 7.31405 *1.486 = -1.938017
Y = a + bx = -1.93802 + 7.31405x
c. Using the formula
Y = a + bx = -1.58678 + 7.033058x
= 14.8843
Using Excel's Forecast
Forecast - 14.58926
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The statement is true.
Superior price introduction relative to opponents would no longer necessarily require a firm to have the lowest fee structure in an industry, or to create the maximum precious product in the eyes of the customers. It does require that the space between cost (V) and value of manufacturing (C) be > the gap attained through competition.
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Learn more about economies here: brainly.com/question/2824360
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Blooms will need to service <u>112 lawns</u> to break even on their costs.
Break even point is where costs=sales
add up all your costs, make them equal to sales amount times number of lawns (x) and solve for x to see how many lawns it will take to break even on costs.
1400 + 1968 + 1000 + 16x + 12x + 3x = $70x
$4368 + $31x = $70x (subtract 31x from both sides)
4368 = 39x (now divide by 39 to solve for x)
x= 112 lawns
I believe so , there’s some sort of relation between the two
Answer:
(2) line of credit.
Explanation:
A line of credit is an agreement that states that a bank will extend a specified amount of unsecured short-term credit to a business, provided that the bank has the funds available.