Question
4. Create a C / R / P system chart for your product line. First, complete the data matrix shown below with appropriate R and
4. Create a C/R/Psystem chart for your product line. First, complete the data matrix
shown below with appropriate R and P values that would be associated with each
given value of x. Second, use the x, C, R, P information as the basis for
your Excel Chart.
R= 0.4375(x)2+ 937.5(x).
C = -0.1733(x)2+ 424.81(x)+ 119,384
P= 0.2642(x)2+ 512.69(x) 119,384
QUESTIONS:
a. To identify Revenue R values, use the equation you previously created in
Section B, item B.3, to perform calculations at each x value.
b. To identify Profit P values, perform (R) (C) calculations at each x value.
c. Use Excels Chart feature to plot the products C, R and P values from
your completed data matrix on one set of axes. Include trend lines, trend line
equations and appropriate [(R2)] or [(R2)adj] values.
Product | 17 | ||
Units [x] | Cost [C] | Revenue [R] | Profit [P] |
100 | 145,000 | ||
200 | 225,000 | ||
400 | 245,000 | ||
600 | 315,000 | ||
800 | 350,000 | ||
1,000 | 370,000 | ||
1,200 | 380,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started