User Account

All Pages

Function of the number of gallons

Assignment Help Management Theories
Reference no: EM13960911

Ohio Swiss Milk Products manufactures and distributes ice cream in Ohio, Kentucky, and West Virginia. The com­pany wants to expand operations by locating another plant in northernOhio. The size of the new plant will be a function of the expected demand for ice cream within the area served by the plant. A market survey is currently under way to determine that demand. Ohio Swiss wants to estimate the relationship between the manufacturing cost per gallon and the number of gallons sold in a year to determine the demand for ice cream and, thus, the size of the new plant. The following data have been collected:

a. Develop a regression equation to forecast the cost per gallon as a function of the number of gallons produced.

Plant

Cost per Thousand Gallons (Y)

Thousands of Gallons Sold (X)

1

$1,015

416.9

2

973

4725

3

1,046

250.0

4

1,006

372.1

1,058

238.1

6

1,068

258.6

7

967

597.0

a

997

414.0

9

1,044

263.2

10

1,008

372.0

Total

$10.182

3.654.4

b. What are the correlation coefficient and the coefficient of determination? Comment on your regression equa­tion in light of these measures.

c. Suppose that the market survey indicates a demand of 325,000 gallons in the Bucyrus. Ohio. area. Estimate the manufacturing cost per gallon for a plant produc­ing 325.000 gallons per year.

Reference no: EM13960911

Questions Cloud

Surrogate our daily responsibilities onto these devices : The availability and even dependence upon computer technology is brought to task by Baase in Chapter 8. What are some of the ways that the ease and simplicity of our current technological devices also lead us at times to surrogate our daily responsib..
How is additional capacity gained on the bottlenecks : How is additional capacity gained on the bottlenecks? Why does it appear that the bottlenecks are spreading? What is the impact of this? What is done to correct it? What are the problems with the current system of measuring the plant’s performance? W..
Managing complexity from an it managerial perspective : Managing complexity is paramount to the successful launch and implementation of an EA system. Discuss the principles of managing complexity from an IT managerial perspective.
How much tension does your bicep exert : How much tension does your bicep exert to support not only your arm, but also a 12N weight in your hand? Assume the weight is located 20 cm from the centre of mass of the lower arm.
Function of the number of gallons : Develop a regression equation to forecast the cost per gallon as a function of the number of gallons produced.
Global business and global strategy : AstraZeneca is one of the biggest pharmaceutical company in global. It is active worldwide and employs over 65,000 people in over 100 countries. Briefly discuss about the companies
Determine the type of each filter. : In the last (blank) row of the table, list the connections for building the High Pass filter with the highest cutoff frequency wc possible in this circuit; calculate this wcH.
A network administrator for the xacme technology : You have been recently hired as a network administrator for the xAcme Technology Trade School. The company is realizing that the local systems administrators need help implementing certain technologies at each of the remote locations, as well as f..
How is christian theism the counter argument to nihilism : Discuss the Victor Frankl excerpt. How are the atrocities of Auschwitz, Treblinka, and Maidenek, etc. the fruits of Nihilism, and how is Christian Theism the counter argument to Nihilism? Historians note that Adolf Hitler hijacked Nietzsche’s writing..

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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