Method of Least Squares, Evaluation of Cost Equation Lassiter Company used the method of least squares to develop a cost equation to predict the cost of moving materials. There were 80 data points ft the regression, and the following computer output was generated: Intercept $19,050 Slope Coefficient of correlation 0.91 Standard error $220 The activity driver used was the number of moves.
Required:
1. What is the cost formula?
2. Using the cost formula, predict the cost of moving materials if 340 moves are made.
3. What percentage of the variability in moving cost is explained by the number of moves? (Round percentage to two decimal places.)

Answers

Answer 1

Answer:

(1) The cost formula is: y = $19,050 + $12·x.

(2) The cost of moving materials if 340 moves are made is $23,130.

(3) 82.81% of the variability in moving cost is explained by the number of moves.

Step-by-step explanation:

The computer output for the regression analysis of 80 data points is as follows:

Intercept:  $19,050

Slope: 12

Coefficient of correlation: 0.91

Standard error:  $220

(1)

The general formula of regression equation is:

y = a + b·x

Here,

a = intercept

b = slope

The cost formula is:

y = $19,050 + $12·x

(2)

Predict the cost of moving materials if 340 moves are made as follows:

[tex]y = 19050 + 12\cdot x\\=19050+12\times 340\\=19050+4080\\=23130[/tex]

Thus, the cost of moving materials if 340 moves are made is $23,130.

(3)

The coefficient of determination R² specifies the percentage of the variance in the dependent variable (Y) that is forecasted or explained by linear regression and the forecaster variable (X, also recognized as the independent-variable).

The coefficient of determination R² can be computed by squaring the correlation coefficient value.

[tex]R^{2}=(r)^{2}=(0.91)^{2}=0.8281[/tex]

Thus, 82.81% of the variability in moving cost is explained by the number of moves.


Related Questions

Three families bought food at a baseball game. The Davis family spent $16.50 on 3 hot dogs, 2 drinks, and 1 pretzel. The Ruiz family spent $26 on 4 hot dogs, 4 drinks, and 2 pretzels. the Cho family spent $13.75 on 2 hot dogs, 1 drink, and 3 pretzels. What is the price of one pretzel?

Answers

Answer:

Price of one pretzel = $1.5

Step-by-step explanation:

Let the price of a hot dog = [tex]x[/tex]

Let the price of a drink = [tex]y[/tex]

Let the price of a pretzel = [tex]z[/tex]

As per the given question statement:

[tex]3x+2y+z=\$16.50..... (1)\\4x+4y+2z=\$26........ (2)\\2x+y+3z=\$13.75..... (3)[/tex]

To find:

The price of one pretzel, i.e. [tex]z=?[/tex]

Multiplying (3) with 2 and subtracting (1) from it:

[tex]x+5z=11[/tex] ..... (4)

Multiplying (3) with 4 and subtracting (2) from it:

[tex]4x+10z=29[/tex] ..... (5)

Multiplying (4) with 4 and subtracting (5) from it:

[tex]10z=15\\\Rightarrow z =\bold{1.5}[/tex]

The price of one pretzel is $1.50.

Calculation of the price:

Let the price of a hot dog = x

Let the price of a drink = y

Let the price of a pretzel = z

So,

The equations are

3x + 2y + z = $16.50 .....(1)

4x + 4y + 2z = $26..........(2)

2x + y + 3z = $13.75........(3)

Now

Here we Multiplying (3) with 2 and subtracting (1) from it:

So, it gives x + 5z = 11 ......(4)

Now

Multiplying (3) with 4 and subtracting (2) from it:

So, 4x + 10z = 29...(5)

Now

Multiplying (4) with 4 and subtracting (5) from it:

So, 10z = 15

x = 1.5

Therefore, The price of one pretzel is $1.50.

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What is the solution set for - 4x + 10 = 5(x + 11)? HELPPPPPPP​

Answers

Answer:

-5

Step-by-step explanation:

-4x +10 =5(x +11)

-4x +10 =5x +55

-4x - 5x =55 - 10

-9x =45

x=-45 :9

x=-5

Leah borrows £10,000 over 5 years at a simple interest rate of 15%.
Calculate how much interest she will pay over the 5 years?
How much will Leah have to pay back in total

Answers

Answer:

She will pay $7,500 interest over the 5 years

She will have to pay back $17,500 in total

Step-by-step explanation:

Let us revise the rule of the simple interest

I = Prt and A = P(1 + rt) , where:

A = Total Accrued Amount (principal + interest) P = Principal Amount I = Interest Amount r = Rate of Interest per year in decimalt = Time Period involved in months or years

∵ Leah borrows £10,000 over 5 years at a simple interest rate of 15%.

P = 10,000

t = 5

r = 15% = [tex]\frac{15}{100}[/tex] = 0.15

→ Substitute them in the first rule to find the interest

∵ I = 10,000(0.15)(5)

∴ I = 7,500

She will pay $7,500 interest over the 5 years

→ Let us find A

∵ A = 10,000(1 + 0.15×5)

∴ A = 17,500

She will have to pay back $17,500 in total

SOMEONE HELP ME PLSS!! IT DUE TODAY!!

Answers

I think its D I hope you do good on your test! Good luck!

You are saving to buy a new car. You currently have $500. You need $1200 to
purchase the car you want and you make $11.50 an hour babysitting.
PLEASE HELP

Answers

Do the equation 1200=500+11.50x
700=11.50x
Then divide 11.50 both sides

guys whats 1 + 1?
im rly confused plz help

Answers

The answer to 1 + 1 is 2.

Serious Answer:

It's 2, you can use the calculator

Joke Answer:

Uhh it's 11 !

10 times the quotient of 6 and 3

Answers

Answer:

20

Step-by-step explanation:

because first you do 6/3 because thats what quotient means which equals to 2 and then you do 10*2 which gives you 20

Find f(7) given f(x) = 5x+ x + 2

Answers

Answer:

44

Step-by-step explanation:

hi! we can plug in 7 for each x in this equation.

f(7)=5(7)+7+2

=35+7+2

=35+9

=44

Casey has 8 1/2 yards of fabric she uses 2 1/2 yards to make pillows and 3 yards to make curtains how much fabric is remaining

Answers

Answer:

3 yards

Step-by-step explanation:

8 1/2 - 2 1/2 = 6

6 - 3 = 3

Your answer is 3.

Please mark as brainliest.

When Xander arranges his pennies into a rectangle with more than one row, he always has some leftover pennies. When he uses two equal rows or three equal rows, he has one leftover penny. When he arranges them into a rectangle with four equal rows, he has three leftover pennies. Remember he has between 10 and 40 pennies total. How many pennies does Xander have?

Answers

Answer:

20

Step-by-step explanation:

hope this was right and helpful

PLZ HELP WILL GIVE BRAINLIEST

Answers

Julie: 6+2(-1/2)
6-1
5
Jasper: 6+ 4(-1/2)
6-2
4

5-4=1
Julie has 1 more point than Jasper

Can y’all help me pls

Answers

Answer:

Step-by-step explanation:

boiii this look are as a mf

For a Saturday matinee, adult tickets cost $8.50 and kids under 12 pay only $7.00. If 80 tickets are sold for a total
of $605, how many of the tickets were adult tickets and how many were sold to kids under 12?

Answers

Answer:

30 adult tickets,50 kids tickets

Step-by-step explanation:

Given

Cost of adult ticket = $8.50Cost of kids ticket = $7.00Number of tickets = 80Total cost = $605

Let the adult ticket be a and kids be k

We got equations

a + k = 808.5a + 7k = 605

From the first equation we get

k = 80 -a

Substituting k in the second equation

8.5a + 7(80 - a) = 6058.5a - 7a + 560= 6051.5a = 45a = 45/1.5a = 30

Then finding k

k = 80 - 30 = 50

Katie deposited $1,000 in the bank for 7years. She earned a simple interest rate of 2.5%. How much interest did she earn? Round your answer to the nearest cent.

Answers

Answer:

$188.69

Step-by-step explanation:

1000 x 1.07^7 = $1188.69

1188.69-1000 = $188.69

Answer:

i will say $188.69

Step-by-step explanation:

hope i helped u and hope to get a Brainliest

byee :)

-2•f(-6) - 7•g(-7)
Can someone please help me

Answers

Answer:

Your answer is: 12f + 49g

Simplify each term.

Step-by-step explanation:

Hope this helped : )

question pictured. 15 pooints

Answers

it doesnt show the picture of the question any where

Answer:

imagine

Step-by-step explanation:

lol there no picture but lets say its invisible

Find the midpoint of the segment with the given endpoints. (-1,3) and (-3,-9)​

Answers

Answer:

( -2,-3) is the midpoint

Step-by-step explanation:

To find the x coordinates of the midpoint, add the x coordinates of the endpoints and divide by 2

( -1+-3)/2 = -4/2 =-2

To find the y coordinates of the midpoint, add the y coordinates of the endpoints and divide by 2

( 3+-9)/2 = -6/2 =-3

( -2,-3) is the midpoint

Gilberto needs to purchase baseballs and bats for his youth baseball league. He'll need at least 15 pieces of equipment, but he only has $435 to spend. Baseballs cost $20 each and bats cost $35 each. If Gilberto wants to purchase the most amount of equipment and still stay within his budget, which combination of baseballs and bats is optimal? (2 points)
a (20, 1)
b (13, 5)
c (13, 2)
d (10, 5)

Answers

Answer: A) (20, 1)

Step-by-step explanation: Largest number

What is the least common multiple of 4 and 12?

Answers

Answer:

The lcm (least common multiple) of 4 and 12 is 12.

Step-by-step explanation:

Find the prime factorization of 4

4 = 2 × 2

Find the prime factorization of 12

12 = 2 × 2 × 3

Multiply each factor the greater number of times it occurs in steps i) or ii) above to find the LCM:

LCM = 2 × 2 × 3

LCM = 12

The Least common multiple of 4 and 12 is 12.

I hope this helps!

Anna has 1 more than half the number of pets her friend does. Anna has 3 pets.

Answers

Answer:

Anna's friend has 4 pets.

Step-by-step explanation:

Anna has 3 pets.

3-1=2

2x2=4

Her friend has 4 pets. Because 3-1 equals 2 and 2 doubled is 4. also if you reverse it starting with four it works here is the problem you would have started with (x-1) times 2=3 if you replace x with 4 it works

How do you multiply 12x12 step by step?

Answers

Answer:

144

Step-by-step explanation:

 

 12

X12

------

 

If you are writing this problem out by hand, be sure that your numbers are lined up, like above.  This will help you in making sure that you solve each step of your problem properly.

 

First, start with the 12.  Multiply 12 by the "2" in the one's place, in the second number:

 

 12

X  2

-----

 

Begin by multiplying 2 X 2 first, in the "ones" column.

 

Do you have 2X2=4?  Great!  Put the 4 in the ones column, where your answer would go.

 

Next, multiply 2 times the 1 digit.  The 1 is actually a 10, because it is in the "tens" column.

 

2 X10=20

 

Place your 2 in the "tens" column--It should look like this...

 

 12

X  2

-----

 24

 

Since you are finished with the "ones" place, now you will work with the tens column.

 

put a zero under the 4 in 24.

 

then continue like this

 

 12

X12

-----

 24

120      because 12 X10=120

------

144      If you add 24 +120, you should have 144.

 

If you have a slightly different way of doing this problem, that's OK.  The point is to get the correct answer.

 

If you have a times table, you can check yourself.

 12 X12=144

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. The result of 12×12 is 144.

What is multiplication?

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.

To multiply 12×12 can be done as

       1   2

     × 1   2

    ______

1. Multiply 2 to 2, therefore, you will get the first term, thereafter, multiply 2 to 1.

       1   2

     × 1   2

    ______

       2   4

2. Next, leave the place below the first digit and start to multiply 1 to 2 and then to 1 to 1. Therefore,

       1   2

     × 1   2

    ______

       2   4

+ 1   2   0

3. Now add the term you will get the final result, therefore,

       1   2

     × 1   2

    ______

       2   4

+ 1   2   0

________

  1   4   4

Hence, the result of 12×12 is 144.

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solve for n
-53 + n = -28

Answers

Answer:

25

Step-by-step explanation:

-53 + n= -28

-53 + 53 + n = -28 + 53

n = 25

Answer: -81

Step-by-step explanation: -53 + n = -28

                                            = n = -53/-28

                                            = -81 as you should put the sign of the bigger no.

please mark as brainliest

If g(x) = 1-3/4x; Find -5 * g(4) - 1

Answers

Simplify each term :
-20g-1

To participate in a baseball league, the required equipment for each player is a glove, a hat, and a pair of cleats. A glove costs $53.95 , a hat costs $17.95 , and a pair of cleats costs $29.95 . What is the total cost for a team of 12 players?

Answers

Answer:

1222.2

explanation:

53.95 x 12 = 647.40

17.95 x 12 = 215.40

29.95 x 12 = 359.40

647.40 + 359.40 + 215.40 = 1222.2

The total cost for a team of 12 players as per given cost of different equipment's is equal to $1222.20.

To calculate the total cost for a team of 12 players,

Add up the costs of the required equipment for each player.

The equipment includes a glove, a hat, and a pair of cleats.

Cost of one glove = $53.95

Cost of one hat = $17.95

Cost of one pair of cleats = $29.95

Now, we need to calculate the total cost for each player by adding the costs of all three items:

Total cost per player = Cost of glove + Cost of hat + Cost of cleats

Total cost per player = $53.95 + $17.95 + $29.95

Total cost per player = $101.85

Finally, to find the total cost for a team of 12 players, multiply the total cost per player by the number of players:

Total cost for the team of 12 players = Total cost per player × Number of players

Total cost for the team of 12 players = $101.85 × 12

Total cost for the team of 12 players = $1222.20

Therefore, the total cost for a team of 12 players is $1222.20.

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Trey’s grandmother has a framed picture with side lengths that are 12 inches. Trey wants to know how much wall space is needed for the picture.

What is the area of a picture with side lengths that are 12 inches? Use the formula A= s^2, where s is the length of one side.
A. 12in.^2
B. 144in.^2
C. 24in.^2
D. 288in.^2

Answers

Answer:

B, 144in.^2 :)

Step-by-step explanation:

The area of a picture with side lengths that are 12 inches is 144 inches²

It should be noted that a square has four sides that are equal. In this case, we've been given the side of one of the lengths to be 12 inches.

Therefore, the square of the sides will be 12 inches multiplied by 12 inches. This will then be:

Area of a square = side ²

Area = 12 inches × 12 inches

Area = 144 inches²

Therefore, the area of a picture with side lengths that are 12 inches is 144 inches ²

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Lin ran 2 ⅔ miles in ⅖ of an hour. Noah ran 8 ⅔ miles in 4/3 of an hour.
Who ran faster, Noah or Lin?

How far would Lin run in 1 hour?

How far did Noah run in 1 hour?

How long would it take Lin to run 1 mile at that rate?

How long would it take Noah to run 1 mile at that rate?

Answers

Lin ran faster because if you convert 2/5=24mins 4/3=80mins and lin would run 2.5 miles in an hour and Noah would run 0.75 miles I don’t know the rest sorry

Thirty pounds of lemon drops are to be mixed with cherry chews to make a mixture that will sell for $1.60 per pound. How much (in Ib) of the more expensive candy should be used? See the table.

Answers

About a million and two maybe 3

1.
Subtract 24 from the product
of 12 and 8. 24​

Answers

Answer:

12 multiplied by 8.24=98.88

Subtract 24 from 98.88=74.88

Divide 6 / 1/4 =
giving brainliest

Answers

Answer:

24

Step-by-step explanation:

i showed my work

Answer:

Here we will show you how to calculate 6 divided by 1/4. We will give you the answer in fraction form and in decimal form.

Here is 6 divided by 1/4 displayed mathematically in colors:

6

 ÷    

1

4

The numbers in 6 divided by 1/4 are labeled below:

6 = whole number

1 = numerator

4 = denominator

To make it a fraction form answer, you multiply the whole number by the denominator and make the result the new numerator. The old numerator becomes the new denominator:

6 x 4

1

 =  

24

1

Thus, the answer to 6 divided by 1/4 in fraction form is:

24

1

To make the answer to 6 divided by 1/4 in decimal form, you simply divide the numerator by the denominator from the fraction answer above:

24 / 1 = 24

The answer is rounded to the nearest two decimal points if necessary.

24/1 is an improper fraction and should be written as 24.

Step-by-step explanation:

How do you do the second part of the problem?

Answers

Answer:

8

Step-by-step explanation:

According to the Alternating Series Estimation Theorem:

│aₙ₊₁│≤ ε

1 / (4 (n + 1)⁴) ≤ 0.00005

4 (n + 1)⁴ ≥ 20000

(n + 1)⁴ ≥ 5000

n + 1 ≥ 8.41

n ≥ 7.41

n must be an integer, so n ≥ 8.

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