Question
MonthPassengersTotal Cost January891$51,346.59 February1,192$64,651.76 March1,456$72,367.79 April1,876$81,761.01 May1,345$70,981.18 June1,567$76,652.76 July1,632$77,895.39 August1,851$80,098.55 September1,398$72,557.34 October1,478$73,447.81 November1,209$68,992.96 December1,908$88,993.08 Total17,803$879,746.22 Create scatter plot of these data and run a aggression
MonthPassengersTotal Cost
January891$51,346.59
February1,192$64,651.76
March1,456$72,367.79
April1,876$81,761.01
May1,345$70,981.18
June1,567$76,652.76
July1,632$77,895.39
August1,851$80,098.55
September1,398$72,557.34
October1,478$73,447.81
November1,209$68,992.96
December1,908$88,993.08
Total17,803$879,746.22
Create scatter plot of these data and run a aggression analysis to answer the following questions.
a. is the number of passengers per month a reliable indicator of total costs? Why or why not?
b. what is top flights total cost equation?
c. determine the expected costs if top flight flies 1,400, 1,500, and 2,000 passengers during a month.
d. are these results consistent with what appears on your scatter plot?
e. if top flight sells tickets (seats) to passengers for $50 per one way trip, what is the required level of sales (in dollars and passengers) to break even?
f. if top flight sells tickets (seats) to passengers for $50 per one way trip, what is the required level of sales (in dollars and passengers) to generate $10,000 net income per month?
g. if top flight sells tickets (seats) to passengers for $50 per one-way trip, what is the required level of sales (in dollars and passengers) to generate $30,000 net income per month?
h. to triple profits from $10,000 to $30,000, does top flight need to triple the number of passengers carried per month?Why or why not?
i. are each of the activity levels that you presented in response to questions (e), (f), and (g) feasible?
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