A university wants to know more about the knowledge of students regarding international events. They are concerned that their students are uninformed regarding news from other countries. A standardized test is used to assess students’ knowledge of world events (national reported mean= 65, S = 5). A sample of 30 students is tested (sample mean=58, Standard Error=3.2). Compute a 99 % confidence interval based on this sample data. How do these students compare to the national sampl
:Newton’s first law states that if a body is at rest or moving at a constant speed in a straight line, it will remain at rest or keep moving in a straight line at constant speed unless it is acted upon by a force. In fact, in classical Newtonian mechanics, there is no important distinction between rest and uniform motion in a straight line; they may be regarded as the same state of motion seen by different observers, one moving at the same velocity as the particle and the other moving at constant velocity with respect to the particle. This postulate is known as the law of inertia.
Which characteristics are appropriate for the Brand of camcorder? Choose all that apply
Question options:
O Nominal
O Scale
O String
O Numeric
Answer:
numeric
Step-by-step explanation:
negative 19 plus the quantity negative 4 and five tenths plus 6 and 87 hundredths end quantity divided by 3 all times 5 squared minus 7 and 3 tenths
19.6
−18.4
31.45
−6.55
Answer: 19.6
Step-by-step explanation:
The function f(x) = (x − 4)(x − 2) is shown. On a coordinate plane, a parabola opens up. It goes through (2, 0), has a vertex at (3, negative 1), and goes through (4, 0). What is the range of the function? all real numbers less than or equal to 3 all real numbers less than or equal to −1 all real numbers greater than or equal to 3 all real numbers greater than or equal to −1 Mark this and return Save and Exit Next
Step-by-step explanation:
all real numbers greater than our equal to -1.
as the parabola function is y = something in x², the parabola opens up either up or down.
if the function would have been x = something in y², the parabola would open left or right.
but our parabola here opens therefore up and down.
the vertex is therefore the maximum or minimum of the parabola. y does not get larger or smaller than the y value of the vertex.
as we see that the curve goes through points with y value 0 (which is clearly larger than -1), it means the vertex is a minimum, and the parabola opens up.
therefore the answer at the beginning. any y value of the function can only be greater than or equal to -1.
1) 10 3/4 gallons of gas costs $21.50.
What is the cost per gallon
Express in interval in set builder notation and graph the interval on a number line (-infinity,-6)
The interval on a number line (-∞, -6) using set-builder notation is;
{ x | x ∈ R, x ≤ -6 }
How to express an interval in set builder notation?Set-builder notation is a mathematical notation for describing a set by representing its elements or explaining the properties that its members must satisfy.
Real numbers (R) include all rational and irrational numbers. Thus, If we need to write the interval on a number line (-∞, -6) using set-builder notation, we will write as:
{ x | x ∈ R, x ≤ -6 }
In words : "x such that x belongs to R, x is less than or equal to -6"
This shows that x is any real number less than or equal to -6
Read more about set builder notation at; https://brainly.com/question/24438069
#SPJ1
PLEASE HELP IM BEIGGONG BEGGING BEGGONF YOUUUU!!! EXTRA POINTS AND BRAINLIEST I HAVE OHOTOT
Just questions 14-30 EVEN
Due to length restrictions, we kindly invite to check the explanation of this question for further details on equations.
How to clear the variables within equationsIn this problem we find equations that have got to be cleared with respect to a given variable, this can be done by taking advantage of algebra properties:
14) b / c = a → c = b / a
15) k = a - y → y = a - k
16) d · f · g = h → f = h / (d · g)
17) 2 · x + 3 · y = 12 → 3 · y = 12 - 2 · x → y = 4 - (2 / 3) · x
18) 2 · n = 4 · x + 2 · y → n = 2 · x + y
19) a · b · c = 1 / 2 → b = 1 / (2 · a · c)
20) y = 3 / (5 · u) + 5 → y - 5 = 3 / (5 · u) → 5 · u = 3 / (y - 5) → 3 / [5 · (y - 5)]
21) 8 · (x - a) = 2 · (2 · a - x) → 8 · x - 8 · a = 4 · a - 2 · x → 10 · x = 12 · a → x = (6 / 5) · a
22) 12 · (m + 3 · x) = 18 · (x - 3 · m) → 12 · m + 36 · x = 18 · x - 54 · m → 66 · m = - 18 · x → m = - (3 / 11) · x
23) V = (π / 3) · r² · h → h = [3 · V / (π · r²)]
24) V = (π / 3) · r² · (h - 1) → h - 1 = [3 · V / (π · r²)] → h = 1 + [3 · V / (π · r²)]
25) y · (a - b) = c · (y + a) → a · y - b · y = c · y + a · c → (a - b - c) · y = a · c → y = (a · c) / (a - b - c)
26) x = [3 · (y - b)] / m → (m · x) / 3 = y - b → y = b + (m · x) / 3
27) F = - (G · m) / r² → G = - (F · r²) / m
28) The area formula of the baking sheet is l · w = 117.
29) The temperature formula is T = (7 / 30) · n + 40.
To learn more on equations: https://brainly.com/question/22277991
#SPJ1
algebra
(3x)^3 3^3 x^3 =????
Answer: 729x^6
Step-by-step explanation: I got this answer because I first multiplied the 3^3 which is 27
then the equation is 27x^3 times 3^3x^3. Then you do the same thing on the other side which is 27x^3. So 27x^3 times 27x^3. After that you multiple 27 and 27 which is 729, don’t forget your x^3 and x^3 which is x^6 so your answer is 729x^6.
Which of these are a correct application of the Identity Property of Addition? Select all correct answers.
Select all that apply:
−26+26=0
26−26=0
0+26=26
26×0=0
26+0=26
Answer:
0+26=26, 26+0=26
Step-by-step explanation:
When you add 0 to a number and get the same number, that's the Identity Property of Addition.
If B is the midpoint of ACand AB = 3x - 3 and AC = 9x - 15. find bc
Answer:
14
Step-by-step explanation:
B is the midpoint of AC, in other words it is the halfway point.
So A to B should be equal to B to C
Our expression is:
2x + 9 = 37
Subtract 9
2x = 28
Divide by 2
x = 14
5(x+11)>-4(-x-12)
someone pls help this is due tmrw!
Answer:
work is shown and pictured
-2 ( 3x + 2 ) ≥ 6x – 4
Answer: x ≤ 0. Interval Notation: (-∞, 0]
Part of a multiplication table is shown.
15 20 25 30
18
30 36
21
35 42
24 32 40 48
What two numbers are needed to complete the pattern in
the multiplication table?
OA) 21 and 24
OB) 24 and 24
OC) 24 and 28
OD) 21 and 28
The correct option is C) 24 and 28 for the given multiplication table.
What is defined as the multiplication table?The multiplication table (already known as the time's table) provides multiples of numbers. Multiplying a number by a set of whole numbers yields the multiplication table.The given multiplication are-
15 20 25 30This is the table 5 starting with;
5×3 = 15 ....... 5×6 = 30
18 __ 30 36This is the table of 6 starting with;
6×3 = 18 ....... 6×6 = 36
Thus, the missing number is;
6×4 = 24
21 __ 35 42This is the table 7 starting with;
7×3 = 21 ....... 7×6 = 42
Thus, the missing number is;
7×4 = 28
24 32 40 48This is the table of 8 starting with;
8×3 = 28 ....... 8×6 = 48
To know more about the multiplication table, here
https://brainly.com/question/22696174
#SPJ9
The correct question is-
Part of a multiplication table is shown.
15 20 25 30
18 __ 30 36
21 __ 35 42
24 32 40 48
What two numbers are needed to complete the pattern in
the multiplication table?
OA) 21 and 24
OB) 24 and 24
OC) 24 and 28
OD) 21 and 28
Kubin Company’s relevant range of production is 12,000 to 16,000 units. When it produces and sells 14,000 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Fixed manufacturing overhead $ 5.30
Fixed selling expense $ 3.80
Fixed administrative expense $ 2.80
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Required:
1. Assume the cost object is units of production:
a. What is the total direct manufacturing cost incurred to make 14,000 units?
b. What is the total indirect manufacturing cost incurred to make 14,000 units?
2. Assume the cost object is the Manufacturing Department and that its total output is 14,000 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department?
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $39,200 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives’ compensation.
a. When the company sells 14,000 units, what is the total direct selling expense that can be readily traced to individual sales representatives?
b. When the company sells 14,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?
2. Assume the cost object is the Manufacturing Department and that its total output is 14,000 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department? (Round per unit values to 2 decimal places.)
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
Show less
2a. Direct material cost per unit
2a. Direct labor cost per unit
2a. Variable manufacturing overhead per unit
2a. Fixed manufacturing overhead per unit
2a. Total manufacturing cost per unit $0.00
2a. Number of units produced and sold
2a. Total direct costs $0
2b. Total indirect costs
1a) The total direct manufacturing cost incurred to make 14,000 units is $187,600.
1b) The total indirect manufacturing cost incurred to make 14,000 units is $74,200.
2a) The total manufacturing cost directly traceable to the Manufacturing Department is $187,600.
2b) The total manufacturing cost, which is an indirect cost, that cannot be easily traced to the Manufacturing Department is $74,200.
3a) When the company sells 14,000 units, the total direct selling expense, which can be readily traced to individual sales representatives, is $18,200.
3b) When the company sells 14,000 units, the total indirect selling expense, which cannot be readily traced to individual sales representatives, is $14,000.
4a) The total manufacturing cost directly traceable to the Manufacturing Department per unit is $13.40.
4b) The total manufacturing cost, which is an indirect cost, that cannot be easily traced to the Manufacturing Department per unit is $5.30.
2a. Direct material cost per unit is $7.30.
2a. Direct labor cost per unit is $4.30.
2a. The Variable manufacturing overhead per unit is $1.80.
2a. The Fixed manufacturing overhead per unit is $5.30.
2a. The total manufacturing cost per unit is $18.70 ($13.40 + $5.30)
2a. The number of units produced and sold is 14,000 units.
2a. Total direct costs are $217,000 (14,000 x $13.40 + 14,000 x $2.10).
2b. Total indirect costs are $166,600 (14,000 x $5.30 + 14,000 x $6.60).
Data and Calculations:Relevant production range = 12,000 to 16,000 units
Production and sales units = 14,000 units
Average Cost
per Unit
Direct materials $ 7.30
Direct labor $ 4.30
Variable manufacturing overhead $ 1.80
Direct cost per unit $13.40
Fixed manufacturing overhead $ 5.30
Total manufacturing cost per unit $18.70
Fixed selling expense $ 3.80 $53,200 ($3.80 x 14,000)
Fixed administrative expense $ 2.80 $39,200 ($2.80 x 14,000)
Total fixed costs per unit $6.60 $92,400 ($6.60 x 14,000)
Variable selling and admin:
Sales commissions $ 1.30
Variable administrative expense $ 0.80
Total variable selling and admin per unit = $2.10
1a) The total direct manufacturing cost incurred to make 14,000 units is $187,600 ($13.40 x 14,000).
1b) The total indirect manufacturing cost incurred to make 14,000 units is $74,200 ($5.30 x 14,000).
2a) The total manufacturing cost directly traceable to the Manufacturing Department is $187,600 ($13.40 x 14,000).
2b) The total manufacturing cost, which is an indirect cost, that cannot be easily traced to the Manufacturing Department is $74,200 ($5.30 x 14,000).
3) Fixed selling expenses = $53,200 ($3.80 x 14,000)
Advertising expenses = $39,200
Sales Compensation = $14,000 ($53,200 - $39,200)
Sales Commission = $18,200 ($1.30 x 14,000)
Total Salespersons' compensation = $32,200
a) When the company sells 14,000 units, the total direct selling expense, which can be readily traced to individual sales representatives, is $18,200.
b) When the company sells 14,000 units, the total indirect selling expense, which cannot be readily traced to individual sales representatives, is $14,000.
4a) The total manufacturing cost directly traceable to the Manufacturing Department per unit is $13.40.
4b) The total manufacturing cost, which is an indirect cost, that cannot be easily traced to the Manufacturing Department per unit is $5.30.
2a. Direct material cost per unit is $7.30.
2a. Direct labor cost per unit is $4.30.
2a. The Variable manufacturing overhead per unit is $1.80.
2a. The Fixed manufacturing overhead per unit is $5.30.
2a. The total manufacturing cost per unit is $18.70 ($13.40 + $5.30)
2a. The number of units produced and sold is 14,000 units.
2a. Total direct costs are $217,000 (14,000 x $13.40 + 14,000 x $2.10).
2b. Total indirect costs are $166,600 (14,000 x $5.30 + 14,000 x $6.60).
Learn more about classifying manufacturing costs at https://brainly.com/question/13767214
#SPJ1
The governor of state A earns $54,900 more than the governor of state B. If the total of their salaries is $310,850, find the salaries of each
The salaries of each will be 127975 and 182875.
How to compute the value?Lat the salaries of B = b
Let the salary of A = b + 54900
Therefore, we will add them together to get the value:
b + b + 54900 = 310850
2b + 54900 = 310850
2b = 310850 - 54900
2b = 255950
b = 255950/2
b = 127975
a = b + 54900 = 127975 + 54900 = 182875
Therefore, the salaries of each will be 127975 and 182875.
Learn more about computations on:
brainly.com/question/4658834
#SPJ1
Brian is buying gifts bags for all of the students in his class. The graph shows the relationship between the number of bags and the cost of the bags. Write an equation relating the number of bags, x, and the cost, y.
An equation that relates the number of bags, x, to the cost, y is y = 5x.
What is an equation?An equation is a mathematical statement that claims that the two sides are equal.
An equation involves two or more variables that require some mathematical operations to obtain their equivalent value.
Therefore, an equation contains numbers, variables, and operators, which show a value after the mathematical operations.
Data and Calculations:Let the number of bags for the class = x (number of students)
Let the unit cost of a bag = $5
Let y = the total cost
Equation, y = 5x
Thus, an equation that relates the number of bags, x, to the cost, y is y = 5x.
Learn more about equations at https://brainly.com/question/2972832
#SPJ1
C. describe how you could compare the corresponding sides and angles of figure STUV and its image, figure WXUY
Both the diagrams; figure STUV and its image, figure WXUY are congruent to each other.
What exactly is congruence?If two images are precisely the same in terms of length, width, and height, they are congruent.If one geometric figure can be superimposed on another so that their total area coincides, a certain geometric figure is considered to be congruent or to be situated in the reference of congruence.For the given two diagrams;
WXUY image to mirror STUV
If we rotate the STUV anticlockwise so that side UV coincides with side UY, then side ST≅ WX side TU ≅ side XU, side UY≅ side UV, side YW≅ side VS will be equal, as will angle S≅W, TUV≅XUV, X≅T, and Y≅V will be equal.
Therefore, the side corresponds to the area side ST≅ WX side of TU ≅ side XU, side UY≅ side UV, side YW≅ side VS, and the angle S≅W, TUV≅XUV, X≅T, and Y≅V".
Thus, the given two diagram figure STUV and image, figure WXUY are congruent to each other.
To know more about the congruency, here
https://brainly.com/question/2938476
#SPJ9
(2 x 10⁴) + (3 x 10³) =
Answer:
23000
Step-by-step explanation:
(2 x 10⁴) + (3 x 10³)
= (2 x 10000) + (3 x 1000)
= 20000 + 3000
= 23000
5 is 1/2% of what number
HELP PLEASE ALGEBRA 2
Answer:
´the set of all values for which the function is defined´
Step-by-step explanation:
The domain of a function f(x) is the set of all values for which the function is defined, and the range of the function is the set of all values that f takes. (In grammar school, you probably called the domain the replacement set and the range the solution set.
What basic fact can you use to help you solve 500 × 4
Answer:
500 x 4
500 x 4
5 x 4 =
20
Add the two 00's from 500.
You get 2,000.
Step-by-step explanation:
Well, we can focus on the number 5 from 500 and multiply it by 4 to receive the answer of 20 because we can assume the person solving this question knows simple multiplication factors and how to solve 5 times 4. Then, we can add the two zeros from the 500. Thus, it's 2,000.
Hope this helps.
Answer:2,000
Step-by-step explanation:
500x4
take the zeros
5x4=20
then add the zeros
it will be 2,000
4(x + 2)-2=6x-21-4+x)
Answer:
3.5 or [tex]\frac{7}2}[/tex]
Step-by-step explanation:
4(x+2)-2=6x-2(4+x)
4x + 8 - 2 = 6x - 8 + 2x
4x + 6 = 8x - 8
14 = 4x
x = 3.5 or [tex]\frac{7}2}[/tex]
⭐ Please consider brainliest! ⭐
An article claimed the state's typical price of a gallon of gasoline is $2.69. The prices from 5 gas stations surveyed were $2.79, $2.99, $2.69, $2.89, and $2.69.
According to this data, what is wrong with the article's statement?
The typical average price of gasoline should be $2.81 and not $2.69 because $2.69 is not the average of the sampled prices.
What is the mean of the sample?
We are given the prices of a gallon of gasoline from 5 gas stations surveyed as; $2.79, $2.99, $2.69, $2.89, and $2.69.
Thus, to calculate the mean, we will use the formula;
Mean = ∑x/n
Mean = (2.79 + 2.99 + 2.69 + 2.89 + 2.69)/5
Mean = 14.05/5
Mean = $2.81
Thus, the typical average price of gasoline should be $2.81 and not $2.69
Read more about average mean at; https://brainly.com/question/20118982
#SPJ1
As a nurse, part of your daily duties is to mix medications in the proper proportions for your patients. For one of your regular patients, you always mix Medication A with Medication B in the same proportion. Last week, your patient's doctor indicated that you should mix 130 milligrams of Medication A with 182 milligrams of Medication B. However this week, the doctor said to only use 140 milligrams of Medication B. How many milligrams of Medication A should be mixed this week?
Proportionately, the number of milligrams of Medication A that should be mixed this week with 140 milligrams of Medication B is 100 milligrams.
What are proportions?Proportions are the ratios of variables to others.
Proportions show the number or value relationships of two variables.
Decimals, percentages, and fractions can represent proportions.
Data and Calculations:The mixture of Medication A and B last week:
Medication A = 130 milligrams
Medication B = 182 milligrams
The proportion of Medication A to Medication B = 0.714287
The mixture of Medication A and B this week:
Medication B = 140 milligrams
Medication A = x
x = 140 x 0.714287
x = 100 milligrams
Thus, using equivalent proportions, 140 milligrams of Medication B should be mixed with 100 milligrams of Medication A.
Learn more about proportions at brainly.com/question/28473754
#SPJ1
If f(x) = x−6x^2 find (f(x + h) − f(x))/h
The value of (f(x + h) − f(x))/h is 1 - 6h - 12x.
For any function, say f(x) = x + a, the value of f(x+b) = (x + b) + a or (x + b + a)
Here, we are given that
f(x) = x−6x^2
and we need to find the value of (f(x + h) − f(x))/h
Firstly,
f(x + h) = (x+h) - 6(x+h)^2
Now, f(x + h) − f(x) = (x+h) - 6(x+h)^2 - (x−6x^2)
= (x+h) - 6(x+h)^2 - x + 6x^2
= x - x + h - 6(x^2 + h^2 + 2xh) + 6x^2
= h - 6x^2 - 6h^2 - 12xh + 6x^2
= h - 6x^2 + 6x^2 - 6h^2 - 12xh
= h - 6h^2 - 12xh
= h( 1- 6h - 12x)
Thus, (f(x + h) − f(x))/h = [h( 1- 6h - 12x)] / h
= 1 - 6h - 12x
Therefore, the value of (f(x + h) − f(x))/h is 1 - 6h - 12x.
Learn more about functions here-
https://brainly.in/question/26266500
#SPJ9
Find the first derivative (x²+x-2)/(2x²-2).
how to find the answer using the quotient rule.
the first derivative of the given function is:
f'(x) = (2x²- 12x - 2)/( 2x² - 2)²
How to find the derivative?
The quotient rule says that, if f(x) = g(x)/h(x), then:
f'(x) = ( g'(x)*h(x) - g(x)*h'(x) )/h(x)²
In this case we know that:
g(x) = x² + x - 2
h(x) = 2x² - 2
The derivatives are:
g'(x) = 2x + 1
h'(x) = 4x
Replacing that we get:
f'(x) = ( g'(x)*h(x) - g(x)*h'(x) )/h(x)²
= ( (2x + 1)*(2x² - 2) - ( x² + x - 2)*(4x) )/( 2x² - 2)²
Expanding the denominator we get:
f'(x) = ( 4x³ - 4x + 2x² - 2 - 4x³ + 4x² - 8x)/( 2x² - 2)²
f'(x) = (2x²- 12x - 2)/( 2x² - 2)²
That is the first derivative of the given function.
If you want to learn more about derivatives:
https://brainly.com/question/5313449
#SPJ1
A parallelogram has an area of 7 square units. If the height that corresponds to a base is 1/4 unit, what is the base?
Answer: 28 units
Step-by-step explanation:
A=area of parallelogram. h=height. b=base
A=h*b
7=1/4 *b
(7=1/4 *b)*4 ==>Multiply both sides by 4 to get rid of fractions
28=b
b=28 units
If you only have a 1/3 measuring cup and a recipe calls for 12 2/3 cups of flour, how many 1/3 cups would you need to use? 1/3 * t th cups
====================================================
Explanation:
Imagine drawing a circle and splitting it into 3 equal slices. Repeat this process to get 12 identical such circles. We have 12*3 = 36 slices so far.
Then add a 13th circle that has 2 of the 3 slices shaded, to represent 2/3. So we add 2 extra slices to the 36 original to get 36+2 = 38 total slices.
Each slice represents 1/3 of a cup. So each full circle represents 1 full cup.
-------------
Another approach:
Let's convert the mixed number 12 & 2/3 into an improper fraction
We use the formula
a & b/c = (a*c+b)/c
So,
12 & 2/3 = (12*3+2)/3 = (36+2)/3 = 38/3
Then rewrite the 38/3 as 38*(1/3) to show we have 38 copies of the 1/3 cup.
Answer: 38 cups
Step-by-step explanation:
We will divide 12 2/3 cups by our measurement, 1/3 cup, to find how many 1/3 cups will be needed.
(12 + 2/3) / (1/3) = 38 cups
I need help please….
enter the correct letters in the boxes on the left with the negative statements on the right
E Apples make good pies A seven is not a prime number
F the sun is hot today B a line does not contain at least two points
D 3+2=7 C a right angle does not measure < 90degre
C a right angle measure < 90 D 3+2[tex]\neq[/tex]7
A seven is a prime number E apples does not make good pies
B a line contain at least two points F the sun is not hot today
learn more of arrangement here
https://brainly.com/question/1179123
#SPJ9
A house is purchased for $145,000 and each year increases in value by 6% of its value the previous year. (6 marks) Let be the value of the house in year . Write a difference equation which gives the value of the house after years. Solve the difference equation. Find the projected value of the house in 15 years.
The projected value of the house after 15 years is $347500.
A house is purchased for $145,000.
The value of the house increases each year by 6% of its value the previous year.
Let y(n) denote the value of the house after n years.
Initial value is $145,000.
⇒ y(0) = 145,000
The value of the house increases each year by 6% of its value the previous year.
Therefore the growth is exponential, and we have
y(n) = y(0)(1+0.06)ⁿ
When n = 1
⇒y(1) = 145000 × (1.06)
⇒y(1) = 153700
When n = 2,
⇒y(2) = 145000 × (1.06)²
⇒y(2) = 162922
Therefore, when n = 15,
⇒y(15) = 145000 × (1.06)¹⁵
⇒y(15) = 3,47,500
Therefore, the projected value of the house after 15 years is $347500.
Learn more at:
https://brainly.com/question/27488046
#SPJ9
Suppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinois, Indiana, Michigan, Minnesota, Mississippi, Ohio, and Wisconsin. The company’s data analytics department has collected data from its distributors in each state. This data consists of the quantity and price (per case) of microbrews sold in each state, as well as the average income (in thousands of dollars) of consumers living in various regions of each state. The data for each state are available via the link below--please note there are multiple tabs at the bottom of the spreadsheet, each refers to one of the seven states selling the Kalamazoo Brewing Company’s microbrews. Excel Data File Assuming that the underlying demand relation is a linear function of price and income, use your spreadsheet program to obtain least squares estimates of Ohio’s demand for KBC microbrews.
Let's say that the Kalamazoo Brewing Company (KBC) now distributes its microbrews across a region that includes seven states: Illinois, Indiana, Michigan, Minnesota, Mississippi, Ohio, and Wisconsin. Data from the company's distributors in each state has been gathered by the data analytics division. This information includes the volume and cost of microbrews (per case) sold in each state as well as the average annual income (in thousands of dollars) of customers residing in various states' areas. Please notice that there are several tabs at the bottom of the spreadsheet, each of which corresponds to one of the seven states where the microbrews of the Kalamazoo Brewing Company are sold. The statistics for each state are available via the link below. Data File in Excel Using the supposition that the fundamental demand relationship is a linear function of price and income, utilize
With your spreadsheet application, you may predict Ohio's demand for KBC microbrews using least squares.
Ohio's demand for KBC microbrews is estimated using least squares as follows: Price + Income = 1.57 times the quantity.
Note: Sheet1 of the attached Excel document has a replication of the data from the question, and Sheet2 contains the results of the regression analysis.
Rounding to two decimal places, we find the following coefficients in the second column of the third table in Sheet2:
Price: $1.57 Profit: $15.00
Because a zero intercept was used for the analysis, the intercept is zero.
Based on the information above, the following is how the least squares estimations of Ohio's demand for KBC microbrews may be expressed:
Quantity = Price + Income + 1.57
To do the regression starting with Sheet1 to acquire
the results in Sheet, then replicate his steps:
Select the "Data Analysis" tab from the "Data" menu. Scroll down in the new window to "Regression," select it, then click "OK."
Select the column holding the Quantity data as the dependent variable by clicking in the "Input Y Range" box in the new window. Select the column holding the Price and Income data as the independent variables by clicking on the "Input X Range" box in the new window. Add "Labels," "Confidence level (95%)," and "Constant is Zero" to your selections. After that, click "OK" to get the results in Sheet2.
To learn more about Data Analysis
Visit : https://brainly.com/question/22715431
#SPJ9