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rjkz [21]
2 years ago
4

Look at the following regression output.

Business
1 answer:
wlad13 [49]2 years ago
6 0

Answer:

a.  82%

Explanation:

From the question, the R-squared of 0.81871, or 82% approximately reveals the level of variability in Dealer List Prices that is explained by Dealer Invoice prices.

In econometric and statistical analysis, R-squared statistic shows the percentage of variation or variability in the dependent variable that is explained by or accounted for by the explanatory variables in a model. Thus, if the explanatory power of the model is high (e.g. 80%), it implies that the included explanatory variables are good predictors of the dependent variable.

In this question, Dealer List Prices which is the dependent variable is therefore explained by 82% by Dealer Invoice prices which is the explanatory or independent variable.  

The 82% which is high also shows that Dealer Invoice prices are good predictors of Dealer List Prices.

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Dodge Ball Bearings had sales of 15,000 units at $45 per unit last year. The marketing manager projects a 30 percent increase in
Leona [35]

Answer:

Net dollar sales projection for this year is $645,840.

Explanation:

Last year = 15,000 units

Price = $45

Projected:

Sales = 15000 units x ( 1 + 30%) = 15000 units x ( 1 + 0.30) = 15000 units x 1.30 = 19,500 units

Price = $45 x ( 1 - 20%) = $45 x ( 1 - 0.20) = $45 x 0.80 = $36

Total Sales Projection = 19,500 x $36 = $702,000

Returned Marchandise = $702,000 x 8% = $56,160

Net Sale = Total Sales - Returned Marchandize = $702,000 - $56,160

Net Sale = $645,840

6 0
2 years ago
Apple Inc. reported revenues of 234 billion USD and net income of 53 billion USD in 2015. These figures represent a stunning ann
dimaraw [331]

Answer: Historical comparison

Explanation:

Historical comparisons in organizations is when two or more events or cases are compared in order to discover a trend and evaluate the performance of an organization.

Apple Inc. had revenues of 234 billion USD coupled with a net income of $53 billion in 2015 and the figures represent an annual growth in revenue and the net income for 2014 indicated that an historical comparison has been done.

3 0
2 years ago
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Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular custome
Vlad1618 [11]

Answer:

I hate this answers yours

3 0
2 years ago
Ron is 30 years old and is retiring at the age of 65. when he retires, he will need a monthly income of $1,270 for 10 years. if
Alika [10]

d.

Ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly income when he retires.

3 0
2 years ago
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ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that
sweet [91]

Probability assigned:|

x 30 60 120 180

P(x) .10 .40 .40 .10

Answer:

Jane

Price of Groupon for a revenue of $300 is:

$3

Explanation:

a) Data and Calculations:

Expected Sales volume:

Number of Tubes  x   30     60      120     180

Probability P(x)           .10     .40      .40      .10

Expected values          3      24       48       18

Total = 93 tubes

Groupon price = $300/93 = $3.23

b) Jane's price for each Groupon will be the rent revenue per day divided by the expected number of tubes to rent daily.  The expected number of tubes is derived by multiplying each expected number of tubes by its probability and then summing up the results.

6 0
2 years ago
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