Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Week of Expenses Revenues Profit 3-Dec-18 134,009 159,293 25,284 10-Dec-18 129,459 170,347 40,888 17-Dec-18 123,417 179,157 55,740 24-Dec-18 130,984 148,844 17,860 31-Dec-18 133,557 156,753 23,196

Week of Expenses Revenues Profit
3-Dec-18 134,009 159,293 25,284
10-Dec-18 129,459 170,347 40,888
17-Dec-18 123,417 179,157 55,740
24-Dec-18 130,984 148,844 17,860
31-Dec-18 133,557 156,753 23,196
7-Jan-19 123,326 236,759 113,433
14-Jan-19 125,005 179,378 54,373
21-Jan-19 126,117 136,068 9,951
28-Jan-19 127,135 153,149 26,014
4-Feb-19 138,210 205,056 66,846
11-Feb-19 119,999 189,391 69,392
18-Feb-19 116,900 168,685 51,785
25-Feb-19 130,710 169,835 39,125
4-Mar-19 129,051 111,664 (17,387)
11-Mar-19 128,222 163,792 35,570
18-Mar-19 130,355 147,152 16,797
25-Mar-19 130,008 165,372 35,364
1-Apr-19 137,190 149,127 11,937
8-Apr-19 120,606 189,108 68,502
15-Apr-19 134,120 197,547 63,427
22-Apr-19 137,532 89,210 (48,322)
29-Apr-19 128,094 164,431 36,337
6-May-19 126,716 126,100 (616)
13-May-19 133,240 157,755 24,515
20-May-19 136,884 178,196 41,312
27-May-19 129,532 198,366 68,834
3-Jun-19 131,561 199,122 67,561
10-Jun-19 129,644 177,117 47,473
17-Jun-19 125,068 131,316 6,248
24-Jun-19 131,141 202,976 71,835
1-Jul-19 129,271 163,237 33,966
8-Jul-19 124,198 201,371 77,173
15-Jul-19 136,960 166,971 30,011
22-Jul-19 116,866 151,769 34,903
29-Jul-19 118,634 219,231 100,597
5-Aug-19 136,078 193,318 57,240
12-Aug-19 121,181 184,193 63,012
19-Aug-19 132,969 184,443 51,474
26-Aug-19 135,147 138,956 3,809
2-Sep-19 127,170 220,126 92,956
9-Sep-19 127,095 164,771 37,676
16-Sep-19 140,442 201,146 60,704
23-Sep-19 131,863 211,349 79,486
30-Sep-19 125,512 180,259 54,747
7-Oct-19 121,284 206,296 85,012
14-Oct-19 130,295 175,715 45,420
21-Oct-19 127,239 145,912 18,673
28-Oct-19 133,881 154,575 20,694
4-Nov-19 130,129 184,311 54,182
11-Nov-19 132,919 209,435 76,516
18-Nov-19 133,059 182,294 49,235
25-Nov-19 137,554 173,040 35,486
AVG Prof--> 43,966
Variance--> 890004379.5
Standard Deviation--> 29832.94
CI--> 33,300 to 54700
  1. Based on the above, what is the expected exposure on the lost profits claim?

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

Management Accounting Text Problems And Cases

Authors: M. Y. Khan, P K Jain

7th Edition

9352606787, 978-9352606788

More Books

Students also viewed these Accounting questions