User Account

All Pages

Determine sales

Assignment Help Managerial Economics
Reference no: EM1371820

David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week. Week 1, 2 minutes of advertising with $1.400 in sales. Week 2, 1 minute, $920 in sales. Week 3, 3 minutes advertising, $1,100 in sales. Week 4, 5 minutes of advertising with $2,265 in sales. Week 5, 5 minutes of advertising, $2,890 in sales. Week 6, 4 minutes in advertising, $2,200 in sales. 1). What is the y-intercept, the slope, and the correlation coefficient from the above data. 2). Estimate sales if seven minutes of advertising were purchased. 3). Estimate sales if 8 minutes were purchased. 4). How many minutes of advertising should David buy to attain sales of $3,000?

Reference no: EM1371820

Questions Cloud

Which expressions run in concurrent processing environment : Rewrite each of the given expressions for concurrent processing and then code each one. Use terms COBEGIN and COEND to delimit the sections of concurrent code.
Find the holding company beta : ABC corporation is a holding company with three subsidiaries. The following information pertains to these subsidiaries:
Explain queue crawl through memory in direction of its head : Does queue crawl through memory in direction of its head or its tail? Describe your answer. Describe how lack of metrics for measuring certain software properties affects software engineering discipline.
Find out which data from database to archive : Find out which data from database to archive; that is, for each table, Write down whether data requires to be archived.
Determine sales : David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.
Calculate confidence and support of rule : Assume that 30% of science students are majoring in biology. Would you consider to be novel with respect to rule? Describe. Calculate confidence and support of rule.
Explain barriers to entry and limit pricing : Assume that, prior to other company's entering the market, the maker of a new smartphone earns $100 million per year. By reducing its price by 50%,
Determine economically efficient move : Business Week, in an article dealing with management, wrote, "When he took over furniture factory three years ago. Realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
Write down differences in company policies of firm : For Firm ABC, each of the relations is in 3NF. Write down two differences should exist in company policies of Firm ABC? Explain your answer.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Explain barriers to entry and limit pricing

Assume that, prior to other company's entering the market, the maker of a new smartphone earns $100 million per year. By reducing its price by 50%,

  Manager compensation plan in car dealership

Two months before, the landlord of a car dealership significantly changed his sales manager's compensation plan. Under the old plan, the manager was paid a salary of $6000 every month

  Construct the demand estimation

Given the data, please construct the demand estimation for soft drink consumption in the United States by  a multiple-linear regression equation, and    a log-linear (exponential) regression equation.

  Advantages and disadvantages of online, paper catalogs

Now that many businesses have upgraded to an online platform, are paper catalogs a thing of the last? Let's look at this from both sides of the table, both the customers and the manager.

  Substantially to pricing and product design

Dell Computer Corporation, the world's biggest personal computer maker, is keenly aware of everything its rival PC manufacturers decide to do.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  System of fixed wages

American Linen is a company that has multiple salespersons. In 2008, it changed the compensation method for its sales force, moving from a system of fixed wages to one of base wage plus charge.

  Calculating units of output

Ann McCutcheon is  employed  as a consultant to a company producing ball bearings. This company sells in two distinct markets, each of which is completely sealed off from the other.

  Explain growth maximisation model of morris

Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level

  Discuss the economic rationale

"A characteristic of oligopolistic market is that, once the general price level is established it tends to remain fixed for an extended period of time." Discuss the economic rationale underlying this phenomenon.

  Market structure and pricing decision applied problems

Market Structure and Pricing Decision Applied Problems, BUS 640 Managerial Economic,

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd