1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Amanda [17]
4 years ago
13

The manager of a furniture factory that operates a morning and evening shift seven days a week wants to forecast the number of c

hairs its factory workers will produce on a given day and shift. The production manager gathers chair production data from the factory and lists whether the production day was a weekday or a weekend (i.e., Saturday or Sunday), and whether the shift was in the morning or evening. Create a regression model to analyze the relationship between the number of chairs produced, whether a day was a weekday or weekend, and whether the shift was in the morning or evening. Be sure to include the residuals and residual plots in your analysis.

Business
2 answers:
Triss [41]4 years ago
6 0

Answer:

<em>Answer will be 477</em>

Explanation:

From the details, note that the manager of a furniture factory that operates a morning and evening shifts seven days a week wants to forecast the number of chairs to be produced on a given day and shift by its factory employees.

<em>Consider Y is the vector reflecting the number of chairs the factory produces for its employees. </em>

The independent variables are:

x_{1i} = 1                    Weekday (Mon to Fri)

       0                    Weekend (Sat and Sun)

x_{2i} = 1                    Morning Shift

       0                    Evening shift.  

Observe that the regression line is as follows from the regression output given in the problem:

<em>Ŷ </em>= 405.58 + 70.97 * <em>Weekday </em>+ 47.85 * <em>Shift</em>.  

Calculate the number of chairs during the evening shift which will be generated on a Thursday.

For this problem, x_{1} = 1 because it's weekday and x_{2} = 0 because it's a shift from the evening.

<em>Ŷ </em>= 405.58 + 70.97 * <em>Weekday </em>+ 47.85 * <em>Shift</em>.  

  = 405.58 + 70.97 * (1) + 47.85 * (0)

  = 405.58 + 70.97 + 0

  = 476.55  

  = 477

<em>Thus, the number of chairs that will be generated during the evening shift on Thursday will be 477.</em>

maw [93]4 years ago
4 0

Answer:

Detailed solution is given below:

You might be interested in
From the following examples, which one correctly defines a leader?
mel-nik [20]

Answer:

A

Explanation:

A leader is someone who ensures their team has support and tools to achieve their goals.

8 0
2 years ago
_____ combine the inputs in the production of goods and services for what are intended to be profitable ventures.A. PrivateersB.
tigry1 [53]

Answer:

The correct answer is letter "E": Entrepreneurs.

Explanation:

Entrepreneurs are individuals with special sights for investments. They tend to look for new ways of doing typical activities and by innovation set a business plan for a potential good or service to be offered to the public or a specific market. They find ways to use factors of productions to achieve the venture's goal.

6 0
3 years ago
LF Corporation, a manufacturer of Mexican foods, contracted in 2014 to purchase 1,500 pounds of a spice mixture at $5.00 per pou
kramer

Answer:

(b) a loss of $750

Explanation:

Given;

Amount of spice mixture to be purchased = 1500 pounds

Price of spice mixture in 2014 = $5.00 per pound

Changed price of sugar mixture = $4.50 per pound

Now,

The amount to be received on the day of contract in 2014

= Amount of spice mixture to be purchased × Price of spice mixture in 2014

= 1500 × $5.00

= $7,500

and,

The amount to be received in 2015

= Amount of spice mixture to be purchased × Price of spice mixture in 2015

= 1500 × $4.50

= $6,750

The difference in Expected amount and the amount to be received

= $7500 - $6750

= $750

Since the amount to be received is less than the expected amount on the day of contract

Therefore,

a loss will be recognized

Hence,

the correct answer is option (b) a loss of $750

5 0
4 years ago
Which statement best describes a significant similarity between the AICPA and IESBA codes? Both codes incorporate the conceptual
34kurt

Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.

Explanation:

IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.

IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.

The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).

Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).

The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.

6 0
4 years ago
On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
Nitella [24]

Answer:

The amount to be reported as the cost of the land is $ 114,200

Explanation:

Cash paid for the land = $ 98,000

Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900

Attorney's fee = $2,000

Real estate broker's fee = $ 6,300

Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee

= $98,000 + $ 7,900 + $2,000 + $ 6,300

= $ 114,200

4 0
3 years ago
Other questions:
  • What are the advantages and disadvantages of Frito-Lay drivers stocking their customers’ shelves?
    10·1 answer
  • Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client’s board of directors. Jones does n
    7·2 answers
  • What is fiscal​ policy?
    7·1 answer
  • During March, the production department of a process operations system completed and transferred to finished goods 25,000 units
    9·1 answer
  • Adam smith called the force that guided the competition from scarce resources in a free market the _____ a0 hand
    10·1 answer
  • Assuming technology and production techniques are fixed and cannot change, if beyond some point of production, a firm experience
    5·1 answer
  • One of the questions in the Pew Internet &amp; American Life Project asked adults if they used the Internet at least occasionall
    6·1 answer
  • ReVitalAde produced 13,000 cases of powdered drink mix and sold 12,000 cases in April 2018. The sales price was $ 29​, variable
    5·1 answer
  • What do disability insurance and life insurance have in common?
    9·1 answer
  • Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!