User Account

All Pages

Solve the questions based on linear questions

Assignment Help Algebra
Reference no: EM131023259

A company produces the financial results shown in the table below. The executives at the firm have good reason to believe that $10 million in sales will be generated in 2010. Using simple linear regression, you advise them that this will equate to...

Year Sales Totals (in millions) Profit Totals (in millions)
1998 $7.0 $0.15
1999 $2.0 $0.10
2000 $6.0 $0.13
2001 $4.0 $0.15
2002 $14.0 $0.25
2003 $15.0 $0.27
2004 $16.0 $0.24
2005 $12.0 $0.20
2006 $14.0 $0.27
2007 $20.0 $0.44
2008 $15.0 $0.34
2009 $7.0 $0.17

a. $209,600 in profits.

b. $2,096,000 in profits.

c. $186,900 in profits.

d. $1,869,000 in profits.

2. When the CEO asks you how sure you are of the accuracy of the result provided in Problem #21 above, you show her the r-squared value and respond...

a. "54% sure."

b. "67% sure."

c. "84% sure."

d. "93% sure."

Reference no: EM131023259

Questions Cloud

Find all eigenvalues and eigenvectors of the matrix : What is diagonalisation of a matrix? Describe how diagonalisation helps to solve systems of linear differential equations.
Analyzing saving and investment : [Analyzing saving and investment] Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/).
Problem regarding the economic expansion : Imagine that you own a business and that during the next recession, you lay off 10 percent of your workforce. When an economic expansion begins and your sales begin to increase, why might you not immediately start rehiring workers?
Is smoking status : Suppose that in a certain population of married couples 30% of the husbands smoke, 20% of the wives smoke, and in 8% of the couples both the husband and the wife smoke. Is the smoking status (smoker or nonsmoker) Is the smoking status ? Why or wh..
Solve the questions based on linear questions : A company produces the financial results shown in the table below. The executives at the firm have good reason to believe that $10 million in sales will be generated in 2010.
What is probability that this person really has disease : Suppose 10% of the population has the disease. What is the probability that a randomly chosen person will test positive?
Forecasts of increasing sales of new homes : In 2012, Jeff Fettig, CEO of Whirlpool, based an optimistic forecast of his company's sales on forecasts of increasing sales of new homes in the United States. Explain why changes in the demand for housing affect Whirlpool's sales.
What is the equilibrium quantity of savings : Now suppose that the government acts more realistically and decides to run a massive deficit of $1500 dollars no matter what the interest rate is in the economy. What is the equilibrium quantity of savings in this economy
What is the probability that she will get it right : Suppose that a student who is about to take a multiple choice test has only learned 40% of the material covered by the exam.Thus, there is a 40% chance that shewill know the answer to a question. However, even if she does not know the answer to a ..

Reviews

Write a Review

Algebra Questions & Answers

  Solve the linear model

Select five values for x to plug into the linear function, P(x)=10x-7 and prepare a table of values

  Identify the sample and suggest a population

Identify the sample and suggest a population

  Evaluate the ratios

Evaluate the ratios and check are the ratios equivalent.

  Define variables and profit function

Define variables and profit function

  Make a linear equation

Assume you have a lemonade stand, & when you charge $1 per cup of lemonade you sell 50 cups. But when you raise your price to $2 you only sell 25 cups. Make an equation for the number of cups you sell as a function of the price you charge. Denote "C"..

  Classify linear and non linear functions

For each of the relationships given below, describe whether you think it is best explained by a linear function or a non-linear function.

  Which of the following are functions

Which of the following are functions?  The two problems, i.e., 1 & 3, are multi part relations consider all parts when determining whether or not these relations are functions. Explain your reason for 1, 2, & 3.

  Using venn diagram for solving word problems

Using venn diagram for solving word problems.

  Joint probability density function

The joint probability density function.

  Applications of combination

Applications of combination

  Solving problems using venn diagram

Solving problems using venn diagram.

  Solving problems into equation

Solving problems into equation.

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