Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please do question # 2 & 3 thank you what do tou mean? HW3 1. Using the Max-min method, find the values for
can you please do question # 2 & 3 thank you
what do tou mean?
HW3 1. Using the Max-min method, find the values for a and b in the equation: Y = a + BX Interpret the meaning of a and B for each case. a) guests (X) labor costs (Y) 25,500 18,000 18,000 12,000 Max Min b) operating costs (V) 20.000 revenue (X) 28,000 23,000 Max 17,000 Min 2. With the data below, find the fixed and variable parts of the monthly Wage cost, using the a) regression and b) max- min method. January February March April May June July August September October November December Revenue (X) 11,200 13,000 14,900 19, 100 22,000 24,200 26,300 27,400 23,500 20,100 18,200 16,000 Wage (1) 5,300 6.100 6,200 7,000 9,000 9,600 9,700 10,100 8,300 7,600 8,000 7,100 un states MacBook Air eptember ctober Hovember December 20,100 18,200 16,000 7,600 8,000 7,100 3. You are currently looking for a delivery vehicle. You can either rent or buy it. The monthly linear cost functions for lease and buy options are as below. Buy TC = 2,000 + ($2 x Deliveries) Lease TC = 200 + ($6 x Deliveries) What is the number of Deliveries (Indifference Point), at which leasing or buying does not matter to you? Quoizel Westover 1-Light B 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