Assume that Flower Power does a regression analysis on the next years data using Excel. The output
Question:
Requirements
1. Determine the firms cost equation (use the output from the Excel regression).
2. Determine the R- square (use the output from the Excel regression). What does Flower Powers R- square indicate?
3. Predict van operating costs at a volume of 15,500miles.
Transcribed Image Text:
SUMMARY OUTPUT Regressi on Stotistics 3 Multiple 4 RSquare 5 Adjusted R Square 6 Standard Error 7 Observations 8 : ANOVA 0.60 0.36 0.24 MS 10 Regression 11 Residual 12 Total 13 14 15 166,411.05 166,411.05 2.85 0.1523 5 292160.3858,432.08 Standard Errơ 1752.55 Lower 95% Upper 95% Coefficients t Stot 16 Intercept 2250.74 17 X Variable 1 18 1.28 1.69 0.26-2,254.33 0.15 0,19 0.11 0.10 0.47
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Req 1 y 019x 225074 Req 2 The Rsquare is 036 This indicates that the cost eq...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Assume that Alices Flower Power does a regression analysis on the next years data using Excel 2007. The output generated by Excel is as follows: Requirements 1. Determine the firms cost equation (use...
-
Assume that Posies Unlimited does a regression analysis on the next years data using Excel. The output generated by Excel is as follows: Requirements 1. Determine the firms cost equation (use the...
-
Assume that Flowers Direct does a regression analysis on the next year's data using Excel. The output generated by Excel is as follows: Requirements 1. Determine the firm's cost equation (use the...
-
Which set of parametric equations is shown in the graph below? Explain your reasoning. (a) (b) x = t y = f
-
Refer to Data Set 2 in Appendix B. Use the paired data consisting of the body temperatures of "initially standing" subjects in the standing posture (column STANDI) and after lying down (column...
-
What risks do data consolidation in an IT environment pose?
-
Assume HPC, Inc., began December with 60 units of inventory that cost a total of $720. During December, HPC, Inc., purchased and sold goods as follows: HPC, Inc., uses perpetual inventory. Under the...
-
HJ. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: The actual materials in a batch may vary from the standard...
-
As a senior analyst in ABC Asset Management you have evaluated the performance of two stocks Finsolve plc and Gamma Plc. You have gathered the following information Risk free rate is 5% The expected...
-
In this exercise you will be assuming the role of an Account Manager working within our Personal Care Appliances category during Amazon Black Friday. You act as a general manager responsible for...
-
Refer to the Flower Power data in E6- 26A. Use Microsoft Excel to do the following: Requirements 1. Run a regression analysis. 2. Determine the companys cost equation (use the output from the Excel...
-
The manager of the main laboratory facility at CenterHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies...
-
If Intel were to conduct mall-intercept interviews to determine consumer preferences for an ultra-light notebook that uses a newly designed chip, describe the fieldwork process that should be used.
-
Why should a speaker vary using logic and emotion as supporting material based on the audience?
-
How do researchers integrate principles of computational fluid dynamics (CFD) with optimization algorithms, uncertainty quantification methods, and high-performance computing resources to address...
-
How do multiphase flows, characterized by the simultaneous presence of two or more immiscible fluid phases with distinct properties, manifest in diverse industrial applications ranging from petroleum...
-
How do gross profits, operating income, and net income reported in the income statement represent the firm's performance?
-
Solve the following in quality, write down the answer and interval notation 8 x < - 6 x - 2 8
-
Review the homepage for hedge funds in Bloomberg.
-
By referring to Figure 13.18, determine the mass of each of the following salts required to form a saturated solution in 250 g of water at 30 oC: (a) KClO3, (b) Pb(NO3)2, (c) Ce2(SO4)3.
-
Why are modern economists more likely to let the data speak than are earlier economists?
-
Landon Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Data for the Churning Department for January follows: Units in...
-
Refer to the Churning Department information for Landon Dairy in E5-42B. Requirements 1. What journal entry(s) would have been made during the month to record manufacturing costs? (Use Wages Payable...
-
Refer to E5-42B and E5-43B. Assume the Landon Dairy Forming Department has the following costs per equivalent unit (EU) on its own production cost report for the month of January: Cost per EU...
-
Ramon and Betsy are looking at buying a second car. They provide you with the following financial information: Ramon's Gross $55,000 Income Betsy's Gross Income $65,000 Annual Mortgage $21,540...
-
An investment promises to pay a perpetuity of $100 per year starting from today. If the discount rate is 10% per year, how much should you pay for this investment?
-
Southwestern Wear Inc. has the following balance sheet: Current assets Fixed assets $1,875,000 Accounts payable 1,875,000 Notes payable Subordinated debentures Total assets Total debt Common equity...
Study smarter with the SolutionInn App