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konstantin123 [22]
3 years ago
15

The Agricultural Extension Agent's Office has tracked fertilizer application and crop yields for a variety of chickpea and has r

ecorded the data shown in the following table. Their staff statistician developed the regression model and computed the performance statistics displayed below the data.
Fertilizer 10 15 Bushels
10 80
15 115
20 220
25 250
30 225
FERTILIZER APPLICATION VERSUS YEILD Summary
Measure Value
Error Measures
Cumulative forecast error 0
MAD (Me an Absolute Deviation) 28.6
MSE (Mean Squared Error) 933.5
Standard Error (denom=n-23) 39.44
MAPE (Me an Absolute Percent Error) 16
Regression line BUSHELS = 8
+ 8.5* FERTILIZER
Statistics
Correlation coefficient .89
Coefficient of determination (12) .79
1. For every unit of fertilizer applied, the crop yield increases by:_________.
A. 8.0 bushels.
B. 8.9 bushels.
C. 8.5 bushels.
D. 7.9 bushels
2) What percent in the variation of the variable Bushels is explained by the value of the variable Fertilizer?
3) The value of Bushels when Fertilizer is 60 is:__________.
4) The value of Fertilizer required to generate 100 bushels yield must be:___________.
5) If the correlation coefficient were negative, what would also be true?
Business
1 answer:
Mumz [18]3 years ago
8 0

Answer:

Following are the solution to the given points:

Explanation:

In point 1:

The yield added by the regression equation increases 8.5 times of per each unit of fertilizer.

In point 2:

Definition i.e. R^2 describes the percentage of variation. Consequently, the value of Fertilizer variable describes 0.79 percent throughout the variance of the Bushels variable.

In point 3:

At 60 \times 8.5 +8 = 518, Bushels has an fertilizer of 60.

In point 4:

The fertilizer should be 100 when bushels are:

\to 100= 8+ Fertilizer \times 8.5  \\\\ \to Fertilizer= 10.82 units

In point 5:

Increased that amount of fertilizer will reduce the amount of bushels unless the value of determination was negative.

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Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t
Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0
3 years ago
ABC Services reported the following transactions for September, 2013. A) The owner opened the business with a capital contributi
NemiM [27]

Answer:

ABC Services

The total liabilities at the end of September, 2013

= $9,000

Explanation:

a) Data and Calculations:

Capital contribution = $23,500

Equipment = $11,500

Cash payment for equipment = $2,500

Note payable on equipment = $9,000

Insurance expense paid = $1,350

Utility expense paid = $980

Rent paid = $2,000

Sales = $12,000

Cash Sales = $7,200 (60% of $12,000)

Credit Sales = $4,800 (40% of $12,000)

Office furniture paid = $9,700

Therefore, total liabilities at the end of September, 2013 = $9,000.  This represents the note payable for the office equipment purchased in B.

8 0
3 years ago
On January 2, 2015, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key prod
Irina18 [472]

Answer:

Explanation:

Depreciation is the systematic allocation of the cost of a machine over its useful lifetime.

There are different types of depreciation like the straight line , double declining  and the units of production method.

<u>Workings</u>

Depreciable amount = 120,000-5000 = 115,000

Useful life = 4 years

Depreciation rate = 115000/4 = 25% = 28,750

                                              2015      2016       2017         2018

Straight line depreciation    28,750  28,750   28,750    28,750

Double declining

Double declining rate = 25%*2 = 50%

2015 = 50% * 115,000= 57,500

2016

Opening book value = 115,000-57,500 = 57500

Depreciation = 57,500*50% = 28,750

2017

Opening book value = 57500-28,750 =28750

Depreciation = 50%*28,750 =14,375

2018

Opening book value   28750-14375 = 14375

Depreciation = 14375*50% = 7188

Units of production

2015 = 280000/1150,000*115,000 = 28,000

2016 =430,000/1150000*115000 = 43,000

2017= 360000/1150000*115000 = 36,000

2018 = 80,000/1150000*115000 = 8000

B

IF the machine was bought on July 1, 2015

Straight line depreciation

2015 = (25%*115000 ) /2 = 14,375

2016 =25%* 115,000 = 28,750

2017 = 25%*115000 = 28750

2018 = 25%*115,000 =28750

2019 =(25%*115000)/2 = 14,375

Double declining method

2015

(115,000*50,000)/2 =28750

2016

Opening book value =115,000-28750 =86250

Depreciation = 50%*86250 = 43,125

2017

Opening book value =86250-43125 =43125

Depreciation = 43,125*50% = 21,563

2018

Opening book value

43125-21563 =21562

Depreciation = 21562*50% =10,781

2019

Opening book value = 21562-10781 =10781

Depreciation = 50%*10781 = 5391

3 0
3 years ago
Which of the following is true of normal shortages? They do not include theft and shrinkage. These goods are no longer available
never [62]

Answer:

<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>

Explanation:

  • From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
  • Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.
7 0
3 years ago
Connor, the manager of a shipping company, introduces a set of communications, activities, and facilities designed to change hea
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Answer:

Employee wellness program

Explanation:

Based on the offerings, Connor has introduced an employee wellness program by making available a set of communications, activities, and facilities designed to change health-related behaviors in ways that reduce health risks and subsequent medical costs.

An employee wellness program which are undertaken by employers focuses on improving specific health risks, such as high blood pressure, high cholesterol levels, smoking, and obesity.

6 0
3 years ago
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