1. Find the number of boxes produced each week 2. Find the number of boxes lost during the given period 3. Find the number of delivered boxed during the given period

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
How to do this problem on excel?
1. Find the number of boxes produced each week
2. Find the number of boxes lost during the given period
3. Find the number of delivered boxed during the given period
4. Calculate the total production cost for each week (this will include both delivered and
lost boxes)
5. Calculate the cost of lost boxes per
week
6. Find the percent of boxes lost over the given period (lost boxes/produced boxes)
7. Find the greatest financial loss
8. Find the least financial loss
9. Using an ifthen function show if each week has a loss greater than $62.50
10. Find the average number of boxes lost over the given period
11. Assuming that 80 boxes were delivered during week 11, use goal seek to determine the
number of boxes lost that will create an 8% average number of boxes lost for an 11-
week period
Box Cost
Week
1
2
3
4
5
6
ર લ ય
10
Delivered
Boxes
45
65
35
70
80
95
3
$12.50
Lost
Boxes
6
4
7
3
5
5
6
8
2
5
Transcribed Image Text:1. Find the number of boxes produced each week 2. Find the number of boxes lost during the given period 3. Find the number of delivered boxed during the given period 4. Calculate the total production cost for each week (this will include both delivered and lost boxes) 5. Calculate the cost of lost boxes per week 6. Find the percent of boxes lost over the given period (lost boxes/produced boxes) 7. Find the greatest financial loss 8. Find the least financial loss 9. Using an ifthen function show if each week has a loss greater than $62.50 10. Find the average number of boxes lost over the given period 11. Assuming that 80 boxes were delivered during week 11, use goal seek to determine the number of boxes lost that will create an 8% average number of boxes lost for an 11- week period Box Cost Week 1 2 3 4 5 6 ર લ ય 10 Delivered Boxes 45 65 35 70 80 95 3 $12.50 Lost Boxes 6 4 7 3 5 5 6 8 2 5
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Hyperinflation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education