Break-even point-dependent and independent

Assignment Help Advanced Statistics
Reference no: EM13114968

1. Would you please show us the calculation of following problem for breakeven point below? Suppose that a company has fixed costs of $150,000 and variable costs of $7.5 per unit. What is the break-even point if the selling price is $12.5 per unit?

2. Would you please state what is the distinction between studying math's and statistics. Why do you need to study math first to enroll a statistics course

3. Why do you need to make a distinction between independent and dependent variables? When do you think that the distinction is particularly relevant? Please consider a business related example to discuss the above questions.

4. The operating break-even point of a business can be defined in the level of sales (either units or dollars). Would you please tell us in details the formula for estimating the operating break-even point of a company in units level.

5. Different MBA programs may have different course syllabus. In such cases, how valuable is an MBA degree without the ability to identify and calculate the cost of a company's capital, its return on investment, gross margin percentage, break-even point, or what percent of a population would be willing to buy its product? Please explain in details the importance of understanding these economic terms for a MBA student.

6. The weight of a cut of beef (independent variable = w [for weight]) may affect the overall price (dependent variable = p [for price]).

So, for example, while independent variable p may be $2 per pound, w will influence the total value of p

1. When W = 4.0 lbs, thus p = $8

2. When W = 3.0 lbs, p will equal $6

How the meat size and price can be considered as independent and dependent measures?

Reference no: EM13114968

Questions Cloud

Importance of math in analyzing business : What is an independent variable? What is a dependent? What is the relationship between independent and dependent variables? What is the purpose of differentiating these terms?
Illustrate what is the mass of the fish : A fish hanging from the bottom of the spring oscillates vertically at a frequency of 2.80{Hz}. Illustrate what is the mass of the fish, ignoring the mass of the spring.
Explain pareto distribution of random variable : A random variable X has the Pareto (α, θ) distribution (where α > 0, θ > 0) if F_X(x) = 1 - (θ/(θ+x))^α for x ≥ 0. For a fixed d > 0, let Y = X-d | X >d. Calculate F_Y(y) and EY.
Calculate the boiling point of a saturated solution : Sodium chloride has solubility in water at 100.0°C of 39.1 g sodium chloride per 100 g of water. Calculate the boiling point of a saturated solution of sodium chloride in water.
Break-even point-dependent and independent : Would you please show us the calculation of following problem for breakeven point below? Suppose that a company has fixed costs of $150,000 and variable costs of $7.5 per unit. What is the break-even point if the selling price is $12.5 per unit?
Explain if crosby and dash are in disagreement : Explain if crosby and dash are in disagreement as to the exact amount of money that crosby owes dash, then they may choose to form a new agreement at a set amount.
Illustrate what is the velocity of the current : Because of your knowledge of physics, you head your boat 44° west of north and have a velocity of 8.0 m/s due north relative to the shore. Illustrate w hat is the velocity of the current? What is your speed relative to the water.
Predetermine overhead rate : ZXC Firm has the following information to determine Predetermine overhead rate for Standard Costing:
Explain how the loop displaying the menu : Explain how the loop displaying the menu is exited, what value does menuSel have when the program finishes? Describe what happens next when menuSel gets this value.

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Information regarding activity cost pools

You have given this information for ABC Corporation. What is the Activity Rate for the three Activity costs Pools?

  Presentation on statistical test of snack foods

List at least three qualitative attributes of the snack food about which they might want to ask consumers. Make sure at least one of them is nominal.

  Main elements of emotional intelligence

What are the key elements of Emotional Intelligence? Why is Emotional Intelligence so important to successful strategic leadership?

  Characterize the nash equilibrium

Explain how the authorities should choose the toll to bring the equilibrium number of trips to the efficient level.

  Determining applied research and statistics

Discuss how this observation should be considered when building a research plan. How might it impact the level of detail you include in your plan?Discuss key issues and concerns arising from the fact tht you, the manager, are also the researcher?

  Legal and ethical implications of media giant mergers

Discuss the legal and ethical implications of the ongoing debate and take a position as to whether the changes should be allowed and would they benefit DWI.

  Calculation of dps

Thress Industries just paid a dividend of $2.75 a share.The dividend is expected to grow 5% a year for the next 3 years and then at 11% a year thereafter.

  Calculate the equation of the regression line

Which is the explanatory variable and draw a scatterplot on your calculator and comment on the form, direction, and strength of the data.

  Calculate the correlation matrix for all variables

Enter the following data into SPSS and calculate the correlation matrix for all four variables. Identify which correlations are significant and state and interpret your findings. Report significant correlation coefficients and p values.

  Reliance on statistical process control

SPC will allow an organization to become more efficient in their business practices (i.e. improved productivity and an increased level of performance measures). SPC will enable managers to make informed business decisions and develop comprehensive..

  Number of possible passwords

Assume that a computer password for a computer account is to consist of 2 letters followed by 2 digits. Determine the number of possible passwords in the case that repetition is permitted and in the case that repetition is not permitted.

  Value of scientific notation

Is there value in expressing things in scientific notation? Specifically, provide an example regarding national debt. Is there any information lost in translation, and is that lost information important?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd