(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales projections. d. Projections for next week should be increased to make up the difference from this week

(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales projections. d. Projections for next week should be increased to make up the difference from this week

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA

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(Feb 21—27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4, 156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29, 184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? a. Projections for next week should be set the same as this week, so we can strive to reach our goals. b. Projections for next week should be increased because we exceeded our projections this week c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales…
Nas corporation's manager in the stamping department have been studying the overhead cost and the relatioship machine hours. Data from the most recent 12 months Month Overhead Machine hours January 5,030 2,730 February 1,600 600 March 7,210 3,403 April 4,560 2,200 May 6,880 3,411 June 6,520 2,586 July 6,230 3,364 August 5,570 2,411…
%24 %24 T %24 3. 3. 2. 5 2. 2. 2. R %24 3. 23 316 Business & PIC Spreadsheet Assignment 2012 Value 2013 Value 2014 Value 1=North Country Region 2011 Value and South Canada 1. $16,290.00 $15,395.00 $16,863.00 $17,064.00 America $ 2,611.00 $ 2,606.00 $ 2,202.00 $ 2,875.00 2-Asia & $ 741.00 2$ $10,790.00 $ 1,108.00 $ 1,053.00 $ 833.00 zea Hong Kong East $ 8,109.00 $ 8,897.00 $ 9,310.00 3=Europe Israel $ 5,133.00 $ 4,469.00 $ 5,226.00 $ 6,367.00 $ 4,286.00 $ 2,482.00 $ 4,291.00 $ 2,520.00 China $ 4,459.00 $ 5,033.00 2. India $ 2,748.00 $ 2,026.00 2. United Arab Emirates $ 1,517.00 $ 1,636.00 $ 2,013.00 $ 1,921.00 Japan $ 2,519.00 $2,254.00 $ 2,089.00 $1,902.00 2. Netherlands $ 2,187.00 $ 1,505.00 $1,491.00 $ 1,279.00 2. Taiwan $ 1,248.00 763.00 844.00 744.00 905.00 24 761.00 846.00 Turkey 739.00 Thailand 24 502.00 467.00 517.00 Saudi Arabia 597.00 572.00 24 Australia 987.00 $ 1,017.00 2$ $ 6,498.00 932.00 Switzerland $ 5,007.00 $10,042.00 $ 8,744.00 3. United Kingdom $ 6,514.00 $ 6,549.00…
Jane White has recorded the following sales figures for last year for herbusiness: January, $35,645; February, $35,456; March, $31,270; April,$32,129; May, $34,456; June, $35,256; July, $36,218; August, $35,456;September, $34,250; October, $32,156; November, $30,125; December,$32,275. She wants to select from one of three models: a 3-month movingaverage, a weighted moving average (she believes that the weightsshould be 0.2, 0.3, and 0.5), and an exponential smoothing average inwhich she uses an α of 0.2 and an assumed forecast for January of Year 1of $35,000.a. Construct a table that shows each of these forecasts for the current year andprovide the forecast for January of Year 2.b. Using the available data and your forecasts, which model do you suggest thatJane use for her business?
The monthly cost for health care for an employee and two dependents in a certain year is given in the following table. Provider Cost Provider Cost Maxicare $415.31 Kaiser $4337 Cigna $424.74 Aetna $436.26 Health Net $427.29 Blue Shield $442.25 Pacific Care $428.06 Omni Healthcare $457.90 Redwoods Plan $431.53 Lifeguard $457.64 Draw a box plot for the monthly costs of health care (ranked from lowest to highest). 0415 420 425 430 435 440 0425 430 435 440 445 450 455 420 430 440 450 420 430 440 450
Listed in the table below are the selling prices, number of bedrooms, number of full baths, and above-ground square footage for 15 single-family residential homes that sold in Boulder, CO in January of 2011. 4 Sale Price # Bedrooms# Full baths $479,500 3 $394,100 3 $638,000 3 $745,900 $300,000 $1,366,600 $587,500 5 $399,000 3 $1,450,000 5 $275,200 2 $298,500 3 3 $1,269,000 $490,000 3 1026 4 3774 $1,700,000 5 2 $310,000 2 1760 Assuming the regression assumptions are met, perform the multiple regression of y = sale price on the set of predictor variables x₁ = number of bedrooms, x2 = number of full baths and x3 = above-ground square footage. Conduct the F test for the significance of overall regression and state your conclusion. Use a significance level of a = 0.05. 3 LO 5 1 1 2 2 1 3 2 1 2 1 1 3 Above-Ground Sq.Ft. 2 1222 1128 1204 4521 950 3536 1204 1070 5308 745 1026 2598 Select one: a. Since the p-value is approximately 0, there is evidence that a linear relationship exists between…
Prices and mileage of 30 Subaru Forester models within 50 miles of Columbus, Indiana are collected from Cargarus.com. Mileage ranged from 7,442 to 77,674 miles. Prices ranged from $25,560 to $29,990. Attached file.
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1.2 What I Can Do: Read and analyze the situation below; then solve the question given. A typhoon severely damaged a certain place in Bundok Peninsula Quezon Province. The wealthiest family in that area who happened to have large businesses have thought of a way to help SME’s or the small business enterprises to recover, as well as those poor families affected by the said typhoon. The family then decided to funds to lend to those who are victims of calamity by giving a simple interest loan for only 10% per annum. If the family was able to lend ₱1,500,000.00, how much interest would be earned after 5 years?
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In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of owning a home was less expensive than renting. The following data show the average asking rent and the monthly mortgage on the median-priced home (including taxes and insurance) for 10 cities where the average monthly mortgage payment was less than the average asking rent (The Wall Street Journal, November 26–27, 2011). 7. City Rent ($) Mortgage ($) Atlanta 840 539 1062 1002 Chicago Detroit 823 626 DATA file Jacksonville, Fla. Las Vegas 779 711 796 655 RentMortgage 1071 953 Miami 977 Minneapolis Orlando, Fla. 776 851 695 762 651 654 Phoenix St. Louis 723 Develop a scatter diagram for these data, treating the average asking rent as the inde- pendent variable. Does a simple linear regression model appear to be appropriate? b. Use a simple linear regression model to develop an estimated regression equation to predict the monthly mortgage on the median-priced home given the average asking…
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(Feb 21—27)	Projected	Actual	Difference
Food Cost	$6,971	$7,842	+$871 (over)
Beverage Cost	$3,954	$4, 156	+$202 (over)
Labor Cost	$8,423	$9,541	+$1,118 (over)
Other Costs	$7,645	$7,645	$0 (even)
Total Costs	$26,993	$29, 184	+$2191 (over)
Food Sales	$18,565	$14,326	-$4,239 (under)
Beverage Sales	$12,872	$10,852	-$2,020 (under)
Total Sales (Revenue)	$31,437	$25,178	-$6,259 (under)
Total Profit	$4,444	-$4,006	-$8,450 (under)