Answer: Part a) 375 pounds, Part b) 8 words
Step-by-step explanation:
a)
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Since n represents the number of words there are, we can plug in 20 for n into the equation to get:
C = 15*20 + 75 pounds
C = 300 + 75 pounds
C = 375 pounds
b)
Since C represents the cost of the advert, we can plug in 195 for C into the equation to get:
195 = 15n + 75
Subtract 75 from both sides:
120 = 15n
Divide both sides by 15:
n = 8 words
Answer:
(a) MAE = 5.20
(b) MSE = 10
(c) MAPE = 38.60%
(d) Forecast for week 7 = 14
Step-by-step explanation:
Note: See the attached excel for the calculations of the Error, Error^2, and Error %.
(a) mean absolute error
MAE = Total of absolute value of error / Number of observations considered = |Error| / 5 = 26 / 5 = 5.20
(b) mean squared error
MSE = Total of Error^2 / Number of observations considered = Error^2 / 5 = 150 / 5 = 10
(c) mean absolute percentage error (Round your answer to two decimal places.)
MAPE = Total of Error % / Number of observations considered = Error % / 5 = 193.02 / 5 = 38.60%
(d) What is the forecast for week 7?
Since the forecast is based on the naive method (most recent value), the forecast for week 7 is value for week 6. Therefore, we have:
Forecast for week 7 = 14
Answer:
D. $0.05
Step-by-step explanation:
Don't worry! I'll help you through it.
So we just have to find the unit rate (price) per apple.
$4 divided by 5lbs bag = $0.80 so, The 1st bag is $0.80 an apple.
$6 bag divided by 8lb = $0.75 an apple.
Now, simply subtract
0.80
-0.75
0.05
So your answer is D, $0.05
Have a great day!
~PumpkinSpice1
