User Account

All Pages

Develop a regression model to identify the fixed overhead

Assignment Help Basic Statistics
Reference no: EM13579291

The managing director of a consulting group has the following monthly data on total overhead costs and professional labor hours to bill to clients:

Total             Billable
$340,000      3,000
$400,000      4,000
$435,000      5,000
$477,000      6,000
$529,000      7,000
$587,000      8,000

Develop a regression model to identify the fixed overhead costs to the consulting group.

a. What is the constant component of the consultant group's overhead?

b. If a special job requiring 1,000 billable hours that would contribute a margin of $38,000 before overhead was available, would the job be attractive?

Reference no: EM13579291

Questions Cloud

The life expectancy of a common brand of battery is : the life expectancy of a common brand of battery is normally distributed with a mean of 400 hours and a standard
Nolan mills uses a standard cost system during may nolan : nolan mills uses a standard cost system. during may nolan manufactured 15000 pillowcases using 27600 yards of fabric
The marketing department of graber corporation has : the marketing department of graber corporation has submitted the following sales forecast for the upcoming fiscal
On january 1 2011 palmer company leased equipment to woods : on january 1 2011 palmer company leased equipment to woods corporation. the following information pertains to this
Develop a regression model to identify the fixed overhead : the managing director of a consulting group has the following monthly data on total overhead costs and professional
Suppose that the number of flaws in a certain type of : suppose that the number of flaws in a certain type of magnetic tape is on average three per 500ft. assuming a poisson
Heesacker inc uses a process cost accounting system the : heesacker inc. uses a process cost accounting system. the following operating and cost data occurred during
How do retiree health benefits differ from pension : how do retiree health benefits differ from pension benefits with respect to accounting funding regulation and employee
Find a 95 confidence interval for the popluation : in a survey of 500 residents 300 were opossed to the use of the photo-cop for issuing traffic tickets. find a 95

Reviews

Write a Review

Basic Statistics Questions & Answers

  In an experiment die is rolled continually until a 6

in an experiment die is rolled continually until a 6 appears at which point the experiment stops. what points of the

  Explain variation of the data about the regression line

Use the value of the linear correlation coeffient of determinatiom. what does this tell you about the explained variation of the data about the regression line?

  Verifying whether population proportion is pre-determine

I survey 50 potential consumers regarding their interest in the product, 34 express an interest in purchasing it. The maximum price each would be willing to pay is shown below.

  Find confidence interval for the true mean heart rate

The mean heart rate is 90 beats per minute with a standard deviation of 5. Find the 98% confidence interval for the true mean heart rate of all people with this untreated condition.

  Find probability of type one error then state conclusion

Infers that less than 60% of the items are sold within 1 week. Find the probability of the type I error, then state your conclusion in words of the problem at a level of significance of 0.07.

  Provide a 96% confidence interval for the average number of

A random sample of n=64 children of working mothers showed that they were absent from school an average of 5.3 days per term, with a standard deviation of 1.8 days

  Forecasting forecasting impacts so many parts of business

forecasting forecasting impacts so many parts of business. nbspit is used to set budgets allocated resources plan for

  Determining fields and ideals

Let F be a field and f(x), g(x) be elements of F[x]. Show that f(x) divides g(x) if and only if g(x) is an element of .

  Covariance between age and number of visits

Assume we interested in relationship between the age of individual, as measured by visits. Suppose after selecting 15 members the observation:

  Formulate integer programming problem

An airline owns an aging fleet of Boeing 737 jet airplanes. It is considering a major purchase of up to 17 new Boeing model 757 and 767 jets.

  Use normal for binomial with a correction for continuity

If a random sample of 40 voters is chosen, approx. the probability that more than 20 favor this candidate. Use the normal approximation to the binomial with a correction for continuity.

  Plot the regression line on the scatter plot

Do a complete regression analysis by performing the steps below. Note: No regression should be done when r is not significant. Draw a scatter plot. Compute the correlation coefficient.

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