Consolidation among fuel providers serving airport facilities is viewed in the five forces model of competition as a(n): a. redu
1 answer:
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Answer and explanation:
1. The scatter plot is attached as an image below
2(a).
Variable cost per section is shown by the slope while
fixed cost is shown by the intercept\
The simple linear regression is as given below
<u>x y xy x²</u>
7 13,500 94500 49
3 8000 24000 9
6 12000 72000 36
2 6500 13000 4
<u>4 10000 40000 16</u>
<u>22 50000 243500 114</u>
<u />
Regression Equation: y = a + bx where
x = number of sections offered
y = total cost
a = is the intercept point of regression line and y-axis
b = slope of regression line
N = 5, ∑x = 22, ∑y = 50000
∑xy = 243500, ∑x² = 114, (∑x)²=484
Slope(b) = <u>∑xy - ∑x∑y </u>
∑x²- (∑x)²
= 1366.28 (variable cost per section)
Intercept (a) = <u>∑y - b∑x</u>
N
= 3988.37 (fixed cost per section)
2(b).
Writing the expression in the form of an equation
y = a + bx ⇒ y = 3988 + 1366x
3(a).
Expected Total Cost is calculated by putting the value of x = 10 in the above equation,
Expected Total Cost, y = 3988.37 + 1366.28 × 10 = 17651
The calculation used is mentioned as
.
What is Annual Interest Amount?
- An interest rate is written as an annual percentage rate. It factors in variables like monthly payments to determine what proportion of something like the principal you'll be paying yearly. APR is another term for the yearly rate of interest payable on investments that does not take into account the annual compounding of interest.
- What you still owe just on mortgage principal is known as the loan balance. The loan balance is calculated as the difference here between initial mortgage balance and the sum of your principal payments. It's crucial to be aware of your loan's balance.
- An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate refers to the amount you pay for borrowing money and is expressed as a percentage of the overall loan amount.
The calculation used is illustrated as :
Learn more about Annual Interest Amount here:
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