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Alik [6]
3 years ago
5

Cover Me, Inc. sells umbrellas in three cities. Management assumes that annual rainfall is the primary determinant of umbrella s

ales, and it wants to generate a linear regression equation to estimate potential sales in other cities. Given the data below, what is the estimated amount of sales for 96 inches of rain utilizing a linear regression equation? Round to nearest whole number.
Rainfall in X Sales in Dollars of Umbrellas
City A 35 2800
City B 30 2000
City C 12 800
Business
1 answer:
noname [10]3 years ago
8 0

Answer:

7602.28

Explanation:

Given the data:

Rainfall in X Sales in Dollars of Umbrellas

City A 35 2800

City B 30 2000

City C 12 800

Using the linear regression calculator :

The linear model obtained for the data is :

y = - 226.424 + 81.549x

Using the model, the predicted sales for 96 inches of rain will be:

X = 96

y = - 226.424 + 81.549(96)

The predicted sales is 7602.28

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Answer:

the formula in cell F5 =IF(AND(B5="FT",C5>0),0.07*(D5-E5),0.05*(D5-E5))

Explanation

Check attachment for the given data and solution data

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3 years ago
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In the financial projections section, the sba recommends this for the projections for the first year:______
alisha [4.7K]

In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.

<h3>Financial Projections</h3>

One of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.

Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.

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4 0
1 year ago
Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the locatio
nadya68 [22]

Answer:

b. $10 per hour.

Explanation:

Joab wants to travel to Tacoma, Washington to climb Mt. Rainier and is trying to decide if he should drive or fly to the location. The flight to Washington would cost $500 and take 7 hours. Also if he flies, he would need to rent a car at an additional total cost of $300 (including gas) and drive an additional 3 hours total between the airport and the mountain. If Joab were to drive his Honda Civic from Tallahassee out to Mt. Rainier, the trip would take 50 hours and cost him $400. Other things constant, Joab would choose the flight plus rental car option if and only if the value of his time is at least $10 per hour.

6 0
3 years ago
When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,
ki77a [65]

Answer:

10.94%

Explanation:

Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

6 0
3 years ago
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