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
babunello [35]
3 years ago
5

Ben and Mildred's Stables used two different independent variables (trainer hours and number of? horses) in two different equati

ons to evaluate the cost of training horses. The most recent results of the two regressions are as follows:
Trainer's hours: Variable Coefficient Standard Error t-Value Constant $1,005.45 $217.52 4.61 Independent Variable $22.54 $3.23 7.40 r2 = 0.56 Number of horses: Variable Coefficient Standard Error t-Value Constant $5,240.20 $1,180.32 4.44 Independent Variable $22.54 $3.23 4.75 r2= 0.63
What is the estimated total cost for the coming year if 14,700 trainer hours are incurred and the stable has 310 horses to be trained, based upon the best cost driver?
A. $13,995,671.20
B. $7,992.85
C. $332,343.45
D. $300,276.50
Business
1 answer:
liubo4ka [24]3 years ago
7 0

Answer:

the estimated total cost for the coming year is $12,227.60

Explanation:

The computation of the estimated total cost is shown below:

y

= Constant coefficient + independent variable coefficient × number of horses

= $5,240.20 + $22.54 × 310 horses

= $5,240.20 + $6,987.40

= $12,227.60

This is the answer but not the same is to be given in the options

hence, the estimated total cost for the coming year is $12,227.60

You might be interested in
The purpose of the work opportunity tax credit is to encourage employers to hire individuals from specified target groups tradit
Yuki888 [10]

Answer:

true

Explanation:

  • The given statement is true here because the purpose of Work Opportunity Credit is to encourage employers to hire people who are facing employment barriers and are resulting in high unemployment.
  • And examples of the target group are unemployed ex-servicemen, food stamp recipients etc..
  • so this is true statement

5 0
3 years ago
"Many service companies collect data via a follow-up survey of their customers. Suppose, in order to ascertain customer sentimen
Sergeu [11.5K]

Answer: Categorical; Ordinal

Explanation:

The data that are collected by the airline in this case is referred to as categorical.

The categorical variables are simply referred to as categorical variables because they can be segregated into groups. Also, the measurement of scale that is used is the ordinal scale.

Ordinal data is a kind of categorical data with a set order or scale to it.

Comment

5 0
3 years ago
The internal business processes perspective of the balanced scorecard comprises three subprocesses that address all of the follo
Ray Of Light [21]

Answer:

B. motivating current employees

Explanation:

The internal business processes perspective of balanced scorecard were used to create new products, services, and processes. It addresses providing service and support to the customer after the sale. It asks for delivering existing products and services to best meet the needs of customers. But it does not address motivating current employees since balanced scorecard is concerned with innovation in products and services.

8 0
3 years ago
Diversity initiatives do NOT include
MrRa [10]

Answer:

D. At-will employment

Explanation:

Don't be fooled! At-will employment actually refers to two things:

at-will termination, meaning an employer can fire you for any reason (other than illegal)

and at-will quitting, meaning the employee can quit at any time, for any reason.

An example of this would be a boss firing an employee for wearing a gray shirt to work, which is the boss's least favorite color. It's messed up, but under at-will employment, it can be done. Moments later, another employee leaves without warning or notice, and under the same rule, it can be done.

In contrast with the other options, D has nothing to do with diversity.

8 0
3 years ago
40 points
garri49 [273]

Answer:

Hospitality provides essential services (i.e., lodging and food) for travelers, whether they are on the move for reasons of necessity, leisure or luxury. Hospitality is a major factor in every vacation and business trip, and is thus important to individual customers and to businesses.

4 0
3 years ago
Other questions:
  • The closing entry process consists of closing?all permanent accounts.only the Retained Earnings account.only the dividends accou
    13·1 answer
  • Dorglass Incorporated reported the following information about the production and sale of its only product during the first mont
    11·1 answer
  • Cleopatra delivered a forged instrument to Julius Caesar for some goods she had purchased. Cleopatra has committed the crime of:
    5·1 answer
  • Capital structure decisions include determining: Multiple Choice which one of two projects to accept. how to allocate investment
    14·1 answer
  • Paci Restaurants accepts credit and debit cards as forms of payment. Assume Paci had $14, 000 of credit and debit card sales on
    10·1 answer
  • Steve's utility for socks (91) and other goods (92) is given by U(21,92) = 10q1.1 q2.9 The price of the composite good is p2=1 a
    14·1 answer
  • During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
    10·1 answer
  • A client who has been training at high intensities in preparation for a triathlon reports joint pain, excess fatigue, and the in
    12·1 answer
  • What is a multinational company
    15·1 answer
  • If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!