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Question: Your seasonally adjusted monthly sales forecast is $382,190 +$4,011 (Month number), where the month number is 1 for Jan. 2011 and increases by 1 each month. The seasonal index for February sales is 0.923, and it is 1.137 for April. What you need now is a forecast for cost of goods sold in order to plan ahead for filling future orders. You have found that monthly sales have been a good predictor of monthly cost of goods sold and have estimated the following regression equation:
Predicted cost of good sold ¼ $106,582 + 0:413 Sales ð Þ
a. Find the seasonally adjusted forecast of monthly sales for Feb. 2018.
b. Find the forecast of monthly sales for Feb. 2018.
c. Find the forecast of cost of goods sold for Feb. 2018.
d. Find the forecast of cost of goods sold for Apr. 2019.
A cyclist traveled at a rate of 32 mph to visit a nearby town. The cyclist averaged 10 mph on the return trip. If the round trip took 6.3 hours, find the distance to the nearby town.
Using a computer or calculator that provides proportions falling below a specified z-score, determine the approximate proportion for each of the following.
Classify as independent or dependent samples: The average price of gasoline at ten local stations, and the average price of gasoline at ten stations in another state.
The Boss is a small Italian restaurant with 6 waiters and waitresses. The average service time at the restaurant for a table (of any size) in 80 minutes (exponentially distributed).
Is spine bone density is normally distributed in young women with a mean of 1.0 g/cm 2 and a standard deviation of .10 g/cm 2 , then how many young women out of 100 would you expect to have bone densities less than .85 g/cm 2 ?
Find out optimal decision
When testing (at the 5% level of significance) whether the proportions between the two universities are different, what is the null and alternative hypotheses?
consider the following experiment a ball is drawn without replacement from an urn containing two red and three blue
From the probability matrix, determine the probability that an adult lives in a nonurban area and cares for an ill relative.
Find the percentage of people married in each of the given years, and describe the trend over time.
The mean account balance is $500 and the standard deviation is $120 for a large population of bank accounts. Find the standard deviation of the average balance.
30 students are female what would her confidence interval be if she requires the confidence level of 80%? Determine the point estimate (p) for percentage of engineering students that are female?
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