Exercise 5-52 (Algo) Interpretation of Regression Results: Multiple Choice (LO 5-3)Talon Services offers standardized job counseling services. The company is planning a new service line targeted to active seniors whoare retiring and looking forward to a new career. The service will sell for a flat $964 per client and will consist of a standardizedoffering. The service will consist of a total of 8 hours with a counseling specialist and a battery of tests to assess interests andaptitudes. Counseling specialists, who are contract employees, are paid $33 per hour. The testing is estimated to cost $124 per client.Administrative costs for the new service have not been estimated, but the company has collected information on counseling hours andadministrative costs for other services over the past 15 months. The following is a summary of a simple regression of administrativecosts on counseling hours:Simple Regression Analysis ResultsDependent variable-Administrative costs (monthly)Independent variable Counseling hours (monthly)Computed valuesInterceptCoefficient on independent variableCoefficient of correlationR²Required:a. What percentage of the variation in administrative costs is explained by the independent variable?85.5%71.7%94,1%$ 75,400$18.400.8550.717b. What is the total administrative cost for an estimated activity level of 5,440 counseling hours?$100,096$75,400$24,696Ⓒ$175,496O Some other amountc. What is the total estimated variable cost per client (assuming that counseling costs are variable costs)?$535.20$415.20O $279.20O $159.20O Some other amountd. What is the expected contribution margin per client to be earned?$696.00$548.80$576.00O$428.80e. What is the estimating equation for total cost based on number of clients implied by these results?Total cost = $75,400+ ($436.80 x Number of clients)O Total cost = $75,400+ ($403.20 x Number of clients)O Total cost = $75,400 + ($50.40x Number of counseling hours)Some other equation

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MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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1. The total number of Corona cases in the US, please keep in mind it is a running total. Courtesy of worldometers.info Date in 2020 Feb. 15 Day ( Number of Corona Cases (C) 1 15 Feb. 26 12 68 Mar. 8 23 541 Mar. 19 34 14,896 171,655 517,100 Mar. 30 45 Apr10. Apr. 21 May 2 May 13 May 24 June 4 56 67 835,559 1,170,301 1,443,627 78 89 100 1,704,112 1,942,737 111 June 15 122 2,187,774 June 26 133 July 7 July 18 2,556,718 3,109,759 144 155 3,849,089 July 29 Aug. 9 Aug. 20 Aug. 31 166 4,588,252 177 5,228,738 5,771,205 188 199 6,239,373 Sept. 11 Sept. 22 210 6,673,451 221 7,109,730 a. Let C be the total number of Corona Virus cases in the United States by the end of the r days since Feruary 14, 2020. (Let r = 0 represent Feb. 15, 2020.) Create a scatter plot of the data. Take up the entire piece of graph paper. Make sure to label the axes, and title your graph. Does it look linear? Exponential, Quadratic? c. Use the calculator to find the regression equation for this data. Express the…
A manufacturer offers a 25/20 chain discount if the invoice subtotal is above $1,000. If the list price is $45 per item, what is the total price of the first invoice that activates the chain discount? A. $648.00 C. $569.25 Enternational Academy of Science. All Rights Reserved. Q Search B. $621.00 D. $594.00 DELL 19
Consider a grocery bill containing the following costs for the items purchased: $3.07 $5.72 $7.29 $5.13 $8.73 $1.24 $7.42 a. Estimate the total cost by first rounding each to the nearest dollar. $ b. Estimate the total cost by first rounding each to the nearest fifty cents. $ c. What is the actual total cost? $ Show all work using the correct method on your handwritten work/answer sheet.
2. The state sales tax in Kansas is 6.5%. If the state tax on a purchased item is $2.38, what is selling price of the item?
5. Nancy's strawberry patch produced 280 gallons of strawberries. She sold the strawberries for $1.25 per quart if the public picked them or $2.50 per quart already picked. She paid $0.75 per quart for picking. She has a 20 percent loss if the public picks the strawberries. a. How many quarts of strawberries were produced? b. What does it cost to have the strawberries picked? c. Which would yield the greater income-selling them picked or allowing pickers?
A landscaping company is trying to determine the cost per lawn cut for maintaining the equipment they use. Every year, the company services their lawn mowers at a cost of $592, their string trimmers at a cost of $382, and their other equipment at a cost of $429. If they have contracts signed with 28 customers for 30 weekly lawn cuttings, what is the best estimate for the maintenance cost per lawn cutting? A. $46.77 per law cutting B. $50.17 per law cutting C. 0.70 per law cutting D. 1.67 per law cutting
A state government is planning to distribute tablets to students in public schools to facilitate remote learning. The tablets will be distributed to 50 schools across the state. Each tablet costs $300, and the government has allocated a budget of $450,000 for this initiative. Calculate the following: 1. The total number of tablets that can be purchased with the allocated budget. 2. The average number of tablets each school will receive. 3. If the state has a total student population of 10,000 and each tablet is intended for one student, calculate the percentage of students who will receive a tablet.
1. The total number of Corona cases in the US, please keep in mind it is a running total. Courtesy of worldometers.info Date in 2020 Feb. 15 Feb. 26 Day ( Number of Corona Cases (C) 1 15 12 68 Mar. 8 23 541 Mar. 19 34 14,896 171,655 517,100 835,559 1,170,301 1,443,627 1,704,112 1,942,737 2,187,774 2,556,718 3,109,759 3,849,089 4,588,252 Mar. 30 45 Apr10. Apг. 21 May 2 May 13 May 24 June 4 56 67 78 89 100 111 122 June 15 June 26 133 July 7 July 18 144 155 July 29 Aug. 9 166 177 5,228,738 5,771,205 6,239,373 Aug. 20 188 Aug. 31 Sept. 11 Sept. 22 199 210 6,673,451 221 7,109,730 a. Let C be the total number of Corona Virus cases in the United States by the end of the t days since Feruary 14, 2020. (Let t = 0 represent Feb. 15, 2020.) Create a scatter plot of the data. Take up the entire piece of graph paper. Make sure to label the axes, and title your graph. b. Does it look linear? Exponential, Quadratic? c. Use the calculator to find the regression equation for this data. Express the…

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b. What is the total administrative cost for an estimated activity level of 5,440 counseling hours? O $100,096 O $75,400 $24,696 $175,496 O Some other amount