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a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the expected amount she should claim as expenses? b) Battista submitted a reimbursement request for S685. What should the accountant do? c) Should any other variables be included? Which ones? Why?

a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the expected amount she should claim as expenses? b) Battista submitted a reimbursement request for S685. What should the accountant do? c) Should any other variables be included? Which ones? Why?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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answer a,b,c

Accountants at the Tucson firm, Larry Youdelman, CPAS, believed that several traveling executives were submitting unusually high travel vouchers when they returned from business trips. First, they took a sample of 200 vouchers submitted from the past year. Then they developed the following multiple-regres- sion equation relating expected travel cost to number of days on the road (x,) and distance traveled (x,) in miles: ŷ = $90.00 + $48.50x1 + $.40x2 The coefficient of correlation computed was .68. a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the expected amount she should claim as expenses? b) Battista submitted a reimbursement request for S685. What should the accountant do? c) Should any other variables be included? Which ones? Why?
Transcribed Image Text:Accountants at the Tucson firm, Larry Youdelman, CPAS, believed that several traveling executives were submitting unusually high travel vouchers when they returned from business trips. First, they took a sample of 200 vouchers submitted from the past year. Then they developed the following multiple-regres- sion equation relating expected travel cost to number of days on the road (x,) and distance traveled (x,) in miles: ŷ = $90.00 + $48.50x1 + $.40x2 The coefficient of correlation computed was .68. a) If Donna Battista returns from a 300-mile trip that took her out of town for 5 days, what is the expected amount she should claim as expenses? b) Battista submitted a reimbursement request for S685. What should the accountant do? c) Should any other variables be included? Which ones? Why?
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