Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

somebody help. please answer all of these why cant you answer all of them? Instructions: Below is a data set given to you. Your job

somebody help. please answer all of these
image text in transcribed
image text in transcribed
why cant you answer all of them?
image text in transcribed
Instructions: Below is a data set given to you. Your job is to analyze this data and answer the questions listed underneath. Your project should have an introduction to explain what the project is about and detailed answers to all the questions. Just listing answers without any supporting work will earn you only minimal grade. - The project report should be typed and saved either as doc (MS-word) or .pdf file. - I highly recommend using Excel or something similar for the scatterplot. You can then cut and paste it into your write-up. (If you do not have access to Excel or something similar, I do have a free graphing utility software that I can provide. It doesn't look as nice but will get the job done.) Let me know if you have any difficulty creating the scatterplot. If you would like to turn in a rough draft for me to comment on prior to the final due date, please do so by the Wednesday before the due date. I will try to get it back to you within 48 hours so you will have time to make corrections. (Students who turn in a rough draft typically do much better than those who do not.) - Use complete sentences in your write-ups. All exponents should be expressed using superstipss rather than the symbol. Presentation, grammar and spelling will all be taken into account when grading. - The project uses several concepts from chapter 4. Please read the project through before doing the Chapter 4 homework, so you can keep an eye out for helpful examples. If you have any questions about the project you can ask me via e-mail or post your questions in the 'Student Questions' discussion forum. I don't mind students sharing ideas about the project, but each student must tum in their own unique write-up. Market Research A local grocery store has agreed to sell your homemade bread. You will use the following information along with some ideas from Chapter 3 to decide how many loaves should be manufactured each week and what price should be charged. After tracking weekly sales at several different prices, you get the following data: In order to increase manufacturing capacity, you've taken out a loan to buy an industrial sized oven for $4000. The new oven will allow you to make a maximum of about 400 loaves of bread per week. The loan is to be paid back monthly over two years at an annual interest rate of 10% compounded monthly. The monthly payments are \$203.40. (You can check these numbers after section 5.7.) The ingredients for two loaves of bread are given in the table below. The $1.182 is the cost of the ingredients for a single loaf of bread. 1. Demand Equation. Make a scatter plot of the six data points (using the number sold as the x-coordinate.) Does the relationship appear to be linear? Use regression analysis to find the line of best fit. This line will be your demand equation. How strong is the correlation? 2. Revenue Function. Find R(x), the weekly revenue as a function of loaves sold, x. (Note that R(x) is an equation not a single value.) 3. Cost Function. Find C(x), the weekly cost for producing x loaves of bread. Be sure to include both the cost of the oven and the ingredients. What is the domain of the cost function? 4. Profit Function. Find P(x), the weekly profit for producing and selling x loaves of bread. (Hint: profit = revenue cost.) 5. Maximum Revenue. Find the number of loaves that should be sold in order to maximize revenue. What is the maximum revenue? What price should be charged in order to maximize revenue? 6. Maximum Profit. Find the number of loaves that should be produced and sold in order to maximize the profit. What is the maximum profit? What price should be used to maximize profit? 7. Conclusion. How many loaves of bread will you produce each weck and how much will you charge for each loaf? Why? Instructions: Below is a data set given to you, Yoar job is to analyze this data and answer the questions listed underncath. - Your project should have an introdaction to eyplain what the project is about and detailed answers to all the questions. Has listing answers without any sapportieg work will eam you only minimal grade. - The jroject report should be typed and aved either as doe (MS-word) of palf file. - I highly rocommend using Excel or suenething similar for the scatterplot. You can then cut and paste it into your writceup, (If you do not have access to Fixcl or something similar, I do have a free graphing utility sottware that I can provide. It doesn't look as aice but witl get the job done.) Let me know if you bave any defficulty creating the scatserplo4, If you would like to tarn in a rough draft for me to comment on prior to the final due date, please do so by the Wedneuday before the doe date. I will try to get it back to yod within 48 hours so you will have time to make cotrections. (Siudents who farm in a rough draft typically do much bedier than those who do rev.) Use complete sentences in your wtile-taps. All exponents should be ceptossed taing spewerwes rather than the symbol. Presentation, granumar and spelling will all be taken into account wher grading. The project uses several concepts from chapter 4. Please read the project through before doing the Chapeer 4 homework. so you can koep an cye out for helpfil exampies. If you have any questions about the project you can ask me via e-mail or post your questions in the 'Student Questions' discussice forum. I don't mind students sharing ideas aboul the project, but each student must tuan in their osin unique write-up. Market Research A local grocery store has agreed to sell your bomemade beead. Y ea will ase the following information aloag with some ideas from Chapter 3 so decide how many loaves should be manafactured each week and what price sheuld be charged. After tracking weckly sales at several different brices. sou get the following data: In order to increase manafactaring capacity, you te taken out a loan to bey an indastrial sized oven for 54000 . The nes oven will allow you to make a maximum of aboet 400 louves of becad per weck. The loan is to be paid back monthly over two years at an anmaal interest rale of 10% compounded monthly. The monthly payments are $203,40. (You can check these nambers after section 5.7.) The ingredients foe two loaves of bead are given in the table below. The 51,182 is the cost of the ingredients for a single loaf of beead. Instructions: Below is a data set given to you. Your job is to analyze this data and answer the questions listed underneath. Your project should have an introduction to explain what the project is about and detailed answers to all the questions. Just listing answers without any supporting work will earn you only minimal grade. - The project report should be typed and saved either as doc (MS-word) or .pdf file. - I highly recommend using Excel or something similar for the scatterplot. You can then cut and paste it into your write-up. (If you do not have access to Excel or something similar, I do have a free graphing utility software that I can provide. It doesn't look as nice but will get the job done.) Let me know if you have any difficulty creating the scatterplot. If you would like to turn in a rough draft for me to comment on prior to the final due date, please do so by the Wednesday before the due date. I will try to get it back to you within 48 hours so you will have time to make corrections. (Students who turn in a rough draft typically do much better than those who do not.) - Use complete sentences in your write-ups. All exponents should be expressed using superstipss rather than the symbol. Presentation, grammar and spelling will all be taken into account when grading. - The project uses several concepts from chapter 4. Please read the project through before doing the Chapter 4 homework, so you can keep an eye out for helpful examples. If you have any questions about the project you can ask me via e-mail or post your questions in the 'Student Questions' discussion forum. I don't mind students sharing ideas about the project, but each student must tum in their own unique write-up. Market Research A local grocery store has agreed to sell your homemade bread. You will use the following information along with some ideas from Chapter 3 to decide how many loaves should be manufactured each week and what price should be charged. After tracking weekly sales at several different prices, you get the following data: In order to increase manufacturing capacity, you've taken out a loan to buy an industrial sized oven for $4000. The new oven will allow you to make a maximum of about 400 loaves of bread per week. The loan is to be paid back monthly over two years at an annual interest rate of 10% compounded monthly. The monthly payments are \$203.40. (You can check these numbers after section 5.7.) The ingredients for two loaves of bread are given in the table below. The $1.182 is the cost of the ingredients for a single loaf of bread. 1. Demand Equation. Make a scatter plot of the six data points (using the number sold as the x-coordinate.) Does the relationship appear to be linear? Use regression analysis to find the line of best fit. This line will be your demand equation. How strong is the correlation? 2. Revenue Function. Find R(x), the weekly revenue as a function of loaves sold, x. (Note that R(x) is an equation not a single value.) 3. Cost Function. Find C(x), the weekly cost for producing x loaves of bread. Be sure to include both the cost of the oven and the ingredients. What is the domain of the cost function? 4. Profit Function. Find P(x), the weekly profit for producing and selling x loaves of bread. (Hint: profit = revenue cost.) 5. Maximum Revenue. Find the number of loaves that should be sold in order to maximize revenue. What is the maximum revenue? What price should be charged in order to maximize revenue? 6. Maximum Profit. Find the number of loaves that should be produced and sold in order to maximize the profit. What is the maximum profit? What price should be used to maximize profit? 7. Conclusion. How many loaves of bread will you produce each weck and how much will you charge for each loaf? Why? Instructions: Below is a data set given to you, Yoar job is to analyze this data and answer the questions listed underncath. - Your project should have an introdaction to eyplain what the project is about and detailed answers to all the questions. Has listing answers without any sapportieg work will eam you only minimal grade. - The jroject report should be typed and aved either as doe (MS-word) of palf file. - I highly rocommend using Excel or suenething similar for the scatterplot. You can then cut and paste it into your writceup, (If you do not have access to Fixcl or something similar, I do have a free graphing utility sottware that I can provide. It doesn't look as aice but witl get the job done.) Let me know if you bave any defficulty creating the scatserplo4, If you would like to tarn in a rough draft for me to comment on prior to the final due date, please do so by the Wedneuday before the doe date. I will try to get it back to yod within 48 hours so you will have time to make cotrections. (Siudents who farm in a rough draft typically do much bedier than those who do rev.) Use complete sentences in your wtile-taps. All exponents should be ceptossed taing spewerwes rather than the symbol. Presentation, granumar and spelling will all be taken into account wher grading. The project uses several concepts from chapter 4. Please read the project through before doing the Chapeer 4 homework. so you can koep an cye out for helpfil exampies. If you have any questions about the project you can ask me via e-mail or post your questions in the 'Student Questions' discussice forum. I don't mind students sharing ideas aboul the project, but each student must tuan in their osin unique write-up. Market Research A local grocery store has agreed to sell your bomemade beead. Y ea will ase the following information aloag with some ideas from Chapter 3 so decide how many loaves should be manafactured each week and what price sheuld be charged. After tracking weckly sales at several different brices. sou get the following data: In order to increase manafactaring capacity, you te taken out a loan to bey an indastrial sized oven for 54000 . The nes oven will allow you to make a maximum of aboet 400 louves of becad per weck. The loan is to be paid back monthly over two years at an anmaal interest rale of 10% compounded monthly. The monthly payments are $203,40. (You can check these nambers after section 5.7.) The ingredients foe two loaves of bead are given in the table below. The 51,182 is the cost of the ingredients for a single loaf of beead

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Issues In Development Finance

Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi

1st Edition

1138324329, 978-1138324329

More Books

Students also viewed these Finance questions

Question

Find the following: a. P(0.00 1.25) d. P(z Answered: 1 week ago

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

Discuss five types of employee training.

Answered: 1 week ago

Question

Identify the four federally mandated employee benefits.

Answered: 1 week ago