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Brums [2.3K]
3 years ago
11

You have developed the following linear regression output from the promotion data on the left of the regression output. Your bos

s decides that a "Go big or go home" strategy is appropriate to penetrate the market. He asks the question "what kind of sales can we expect if we spend $900K on advertising and price our computers at $89
Business
1 answer:
Dima020 [189]3 years ago
6 0

Answer:

$16,977

Explanation:

For x1 = 900, x2 = 89:

Predicted value of sales = 46334.29 + 12.43411*900 - 455.596*89 = $16977

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Compare and contrast the three categories of project resource.
Basile [38]

Answer:

Brainiiest Please!

Work resources − People and equipment to complete the tasks.  

Cost resources − Financial cost associated with a task. Travel expenses, food expenses, etc.  

Material resources − Consumables used as project proceeds. For example, paint being used while painting a wall.

Explanation:

People and equipment to complete the tasks.

Financial cost associated with a task. Travel expenses, food expenses, etc.

Consumables used as project proceeds. For example, paint being used while painting a wall.

7 0
3 years ago
Use the midpoint method when applicable to calculate the price elasticity of demand.
Neko [114]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

This business of plastic containers is increasing its Lunchbox Product Signature price around $3.00 and $4.00.   The volumes produced consequently declined around 20,000 to 15,000.

\text{Price elasticity} =  \frac{\frac{15000-20000}{(\frac{15000+20000}{2})}}{\frac{4-3}{(4+\frac{3}{2})}}

                        =\frac{\frac{-5000}{(\frac{35000}{2})}}{\frac{1}{(\frac{7}{2})}}\\\\=\frac{\frac{-5000}{17500}}{\frac{1}{3.6}}\\\\=\frac{\frac{-50}{175}}{\frac{1}{3.6}}\\\\= \frac{-0.2857}{0.2857} \\\\ =-1

The price elasticity also becomes unitary

In point b:

U.S. economic theory states that the elasticity of fuel demand is 0.5 because prices would be less than 1 and so are non-elastic.

In point c:

The capital Metro agrees and add $2.00 to $2.21 also for bus fares. Consequently, with an average of 70,000 drivers a days to both a daily average 61,000 drivers, its passenger numbers who take the bus in Austin falls.

\text{Price elasticity} = \frac{\frac{61000-70000}{(61000+ \frac{70000}{2})}}{ \frac{2.21-2}{(2.21+\frac{2}{2})}}

                        = \frac{\frac{-9000}{(61000+ 35000)}}{ \frac{0.21}{(2.21+1)}} \\\\= \frac{\frac{-9000}{(96000)}}{ \frac{0.21}{(3.21)}} \\\\= \frac{\frac{-9}{(96)}}{ \frac{0.21}{(3.21)}} \\\\= \frac{-0.1374}{0.099} \\\\ = -1.38

The value being higher than 1 is elastic.

5 0
3 years ago
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product
ELEN [110]

Answer:

I'm figuring this out for you!

Explanation:

7 0
4 years ago
Prison contain only felony criminals. true or false?
alex41 [277]
"A felony conviction, like a misdemeanor conviction, may not result in time behind bars. But felonies carry potential imprisonment that ranges from time in prison (a year is often the low end) to life in prison without parole or even death." So the answer is true
6 0
3 years ago
Lily Company was started last year when Lily borrowed $70 cash from the local bank. Lily used that $70 cash to purchase inventor
aev [14]

Answer:

d. Owners' Equity is $30

Explanation:

The owners equity is the amount of money that is own by the owner of the business or the business itself minus all of the debts that the business has, in this example, Lily just sold $100 in products, generating a profit of $30, because she bought that for $70, but she owns $70 of those $100 to the local bank, so eventhough she has $100, only $30 are actually owned by the business so Owner´s Equity equals $30.

6 0
4 years ago
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