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Amanda [17]
2 years ago
13

The manager of a furniture factory that operates a morning and evening shift seven days a week wants to forecast the number of c

hairs its factory workers will produce on a given day and shift. The production manager gathers chair production data from the factory and lists whether the production day was a weekday or a weekend (i.e., Saturday or Sunday), and whether the shift was in the morning or evening. Create a regression model to analyze the relationship between the number of chairs produced, whether a day was a weekday or weekend, and whether the shift was in the morning or evening. Be sure to include the residuals and residual plots in your analysis.

Business
2 answers:
Triss [41]2 years ago
6 0

Answer:

<em>Answer will be 477</em>

Explanation:

From the details, note that the manager of a furniture factory that operates a morning and evening shifts seven days a week wants to forecast the number of chairs to be produced on a given day and shift by its factory employees.

<em>Consider Y is the vector reflecting the number of chairs the factory produces for its employees. </em>

The independent variables are:

x_{1i} = 1                    Weekday (Mon to Fri)

       0                    Weekend (Sat and Sun)

x_{2i} = 1                    Morning Shift

       0                    Evening shift.  

Observe that the regression line is as follows from the regression output given in the problem:

<em>Ŷ </em>= 405.58 + 70.97 * <em>Weekday </em>+ 47.85 * <em>Shift</em>.  

Calculate the number of chairs during the evening shift which will be generated on a Thursday.

For this problem, x_{1} = 1 because it's weekday and x_{2} = 0 because it's a shift from the evening.

<em>Ŷ </em>= 405.58 + 70.97 * <em>Weekday </em>+ 47.85 * <em>Shift</em>.  

  = 405.58 + 70.97 * (1) + 47.85 * (0)

  = 405.58 + 70.97 + 0

  = 476.55  

  = 477

<em>Thus, the number of chairs that will be generated during the evening shift on Thursday will be 477.</em>

maw [93]2 years ago
4 0

Answer:

Detailed solution is given below:

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Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:

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