Calculate the amount of gasoline consumed

Assignment Help Finance Basics
Reference no: EM131438343

Question: Automobiles have different fuel economies (mpg), and commuters drive different distances to work or school. Suppose that a state Department of Transportation (DOT) is interested in measuring the average monthly fuel consumption of commuters in a certain city. The DOT might sample a group of commuters and collect information on the number of miles driven per day, number of driving days per month, and the fuel economy of their cars. Develop a predictive model for calculating the amount of gasoline consumed, using the following symbols for the data.

G = gallons of fuel consumed per month

m = miles driven per day to and from work or school

d = number of driving days per month

f = fuel economy in miles per gallon

Suppose that a commuter drives 30 miles round trip to work 20 days each month and achieves a fuel economy of 34 mpg. How many gallons of gasoline are used?

Reference no: EM131438343

Questions Cloud

Identify a company and choose one of its employees : Identify a company and choose one of its employees (for example, an information technology employee or a chief information officer [CIO]) who has been involved in a company-wide implementation of cloud computing.
Develop procedures for supporting the new system : Describe the resources that will be needed for supporting the system during the startup period.Define ongoing system maintenance roles and responsibilities (Corrective, Adaptive, Protective, Preventive).Describe procedures for evaluating and prioriti..
Describe the links between supply management : Describe the links between supply management, production planning and control, and logistics in a supply chain management environment.
Resort fro dispute resolution : Explain why most business firms utilize litigation as a last resort fro dispute resolution. Suggest at least 2 options for avoiding a trip to court and why those options are preferable.
Calculate the amount of gasoline consumed : Automobiles have different fuel economies (mpg), and commuters drive different distances to work or school. Suppose that a state Department of Transportation (DOT) is interested in measuring the average monthly fuel consumption of commuters in a c..
Calculate the total contribution margin : Study the information provided below and consider each of the proposals independently: Calculate the total Contribution margin and Operating profit/loss per month if Proposal 1 is implemented
Job descriptions and job specifications : 1. How does a job analysis help managers do their jobs better? 2. How does a job analysis relate to job descriptions and job specifications? 3. Why is it beneficial to have someone from outside the organization conduct the job analysis?
Write a function that can take in two matrix of any size : Write a function that can take in two matrix of any size and solve the system of equations using matrix operation. The function will take in two matrix and output one matrix.
How a technology like rfid could enhance the approach : Submit an executive summary on the specific industry and business problem that you are going to do your research paper on. The summary should contain enough of a detailed description of the business problem that someone unfamiliar with the specif..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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