Reference no: EM13198668
Jeng-Mei Chen, Inc., an upscale Manhattan restaurant, would like to generate a sales forecast based on the assumption that next year sales are a function of current income, advertising, and advertising by a competing restaurant:
A. Write an equation for predicting sales based on the assumption that the percentage change in sales is twice as large as the percentage change in income and advertising; but only one-fourth as large as, and of the opposite sign of, the percentage change in competitor advertising. Use the symbols S = sales, Y = income, A = advertising, and CA = competitor advertising.
B. During the current year, sales total $2,000,000, income is $84,700 per capita, advertising is $500,000, and competitor advertising is $300,000. Previous period levels were $77,000 (income), $400,000 (advertising), and $400,000 (competitor advertising). Forecast next year sales.
|
Explain how to use both creative and critical thinking
: double-spaced paper that describes how you solved a problem. Give specific examples and details of how you used both creative and critical thinking.
|
|
Write an expression describing total revenue
: The Metropolitan Symphony in Toledo, Ohio, has had great success with a "Senior Citizens' Night" promotion. By offering half off its regular $20 admission price, average nightly attendance has risen from 4,000 to 6,000 persons.
|
|
Race and ethnicity
: So what exactly is the summary of the college textbook application sociology "race and Ethnicity". I can't seem to sum it all up
|
|
What is the rate of the cyclist in still air
: A cyclist travels 105 km in 7 hours going against the wind. He travels 133 km with the wind in the same amount of time. What is the rate of the cyclist in still air and what is the rate of the wind?
|
|
Write an equation for predicting sales based on assumptions
: During the current year, sales total $2,000,000, income is $84,700 per capita, advertising is $500,000, and competitor advertising is $300,000. Previous period levels were $77,000 (income), $400,000 (advertising), and $400,000 (competitor advertis..
|
|
How much work does the robot do in climbing to the top
: The robot gets out of the well (carrying the wrench) by climbing up the cable with one end of the cable still attached to the robot. How much work does the robot do in climbing to the top of the well?
|
|
Parameterize the path of a point at distance b
: Parameterize a cycloid: the path of a point on the circumference of a circle of radius a as it rolls without slipping along the positive x-axis.
|
|
How many meters long and how many meters wide
: A farmer wishes to enclose a rectangular region with 455 meters of fencing in such a way that the length is 5 times the width and that the region is divided along its length into two equal parts. How many meters long and how many meters wide?
|
|
State the constitutive or social constructivist approaches
: Examine Grint's support for why it is useful to study the Constitutive/Social Constructivist approaches to leadership and provide your critical assessment of why the case he presents is compelling or not
|