Barb has a hot-dog stand near the ferry terminal for Centre Island.She pays $500 per month as rent and $3000 per month in wages for thehired help. Variable costs per hot dog come out to be $1.30 and she sellseach hotdog for $3.00. In summer months, she is able to sell 4500hotdogs in a month. Recently, another hot dog vendor opened his standacross the street. To attract and retain her customers, she added a freesoda can which increased her variable costs by 20 cents. To make things4. llege.ca/d21/le/content/355604/viewContent/1995158/View+ Automatic ZoomView as Text1 of 11. Develop a forecast for the next period, given the data below, using a 3-period movingaverage, Show your work, (/2)PeriodDemand119203.1819172. A manager is using exponential smoothing to predict merchandise returns at a suburbanbranch of a department store chain. Given a previous forecast of 140 items, an actual number ofreturns of 148 items, and a smoothing constant equal to .15, what is the forecast for the nextperiod? Show your work. (/3)3. A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 toorder staples, and holding costs are $0.80 per box on an annual basis. (/5)Showing your work, determine:(i) the order quantity that will minimize the sum of ordering and holding boxes of staples(ii) the annual cost of ordering and carrying the boxes of staples4°C

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Answered: Barb has a hot-dog stand near the ferry…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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