Determine the daily supply in a more cost effective way

Assignment Help Mathematics

Reference no: EM13185621

Howie's bakery is one of the most popular bakeries in town, and the favorite at Howies's is French bread. Each day of the week, Howie's bakes a number of loaves of French bread, more or less according to a daily schedule. To maintain its fine reputation, Howie's gives away to charity any loaves not sold on the day they are baked. Although this occurs frequently, it is also common for Howie's to run out of French bread on any given day, meaning more demand than supply. In this case, no extra loaves are baked that day. The customers have to go elsewhere (or come back next day) for their French bread. Although French bread at Howie's is always popular, Howie's stimulates demand by running occasional 10% off sales.

Howie's has collected data for 20 weeks, 140 days in all. The variables are Day (Monday-Sunday), Supply (number of loaves baked that day), OnSale (where French bread is on sale), and Demand (loaves actually sold that day). Howie's would like you to see whether regression can be used to estimate the Demand from other data in the file. So that Howies can determine the daily supply in a more cost effective way.

Reference no: EM13185621

Questions Cloud

What changes did andrea jung make in avons strategy : What strategy was Avon pursuing until the mid-2000s What were the advantages of this strategy What were the disadvantages What changes did Andrea Jung make in Avon's strategy after 2005 What were thebenefits of these changes? Can you see any drawbac..

State how many ml of naoh should be added to nah2po4 : how many mL of 1.00M NaOH should be added to .700 liter of 1.00M NaH2PO4? pKa = 6.82

Find the area of the shaded region : Find the area of the shaded region. The hexagon is regular. Round to the nearest hundredth.

Restoring positive self-evaluations : Some psychologists suggest you can reduce cognitive dissonance by restoring positive self-evaluations that are threatened by the dissonance

Determine the daily supply in a more cost effective way : Howie's would like you to see whether regression can be used to estimate the Demand from other data in the file. So that Howies can determine the daily supply in a more cost effective way.

What might be done to make small firms more proactive : Vellus's original entry into exporting was both reactive and serendipitous. Do you think this is the exception or the rule for small businesses What might be done to make small firms more proactive with regard to exporting 3. What lessons about su..

During the missouri debates-awakened-filled me with terror : During the Missouri debates, Thomas Jefferson expressed the fear that that "question, like a fireball in the night, awakened and filled me with terror."? What was at stake in the Missouri debate that generated such profound concern?

Explain imidazole need to adjust the solution : How much of either 5.0 M HCl or 5.0 M NaOH must you add (and which one)? Assume the pka for imidazole is 7.0.

Why might it be cheaper to drive on a toll-road : How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)

User Account

All Pages