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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 the hired help. Variable costs per hot dog come out to be $1.30 and she sells each hotdog for $3.00. In summer months, she is able to sell 4500 hotdogs in a month. Recently, another hot dog vendor opened his stand across the street. To attract and retain her customers, she added a free soda can which increased her variable costs by 20 cents. To make things 4.

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 the hired help. Variable costs per hot dog come out to be $1.30 and she sells each hotdog for $3.00. In summer months, she is able to sell 4500 hotdogs in a month. Recently, another hot dog vendor opened his stand across the street. To attract and retain her customers, she added a free soda can which increased her variable costs by 20 cents. To make things 4.

Advanced Engineering Mathematics
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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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 the hired help. Variable costs per hot dog come out to be $1.30 and she sells each hotdog for $3.00. In summer months, she is able to sell 4500 hotdogs in a month. Recently, another hot dog vendor opened his stand across the street. To attract and retain her customers, she added a free soda can which increased her variable costs by 20 cents. To make things 4.
Transcribed Image Text: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 the hired help. Variable costs per hot dog come out to be $1.30 and she sells each hotdog for $3.00. In summer months, she is able to sell 4500 hotdogs in a month. Recently, another hot dog vendor opened his stand across the street. To attract and retain her customers, she added a free soda can which increased her variable costs by 20 cents. To make things 4.
llege.ca/d21/le/content/355604/viewContent/1995158/View + Automatic Zoom View as Text 1 of 1 1. Develop a forecast for the next period, given the data below, using a 3-period moving average, Show your work, (/2) Period Demand 1 19 20 3. 18 19 17 2. A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period? Show your work. (/3) 3. A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order 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 staples 4°C
Transcribed Image Text:llege.ca/d21/le/content/355604/viewContent/1995158/View + Automatic Zoom View as Text 1 of 1 1. Develop a forecast for the next period, given the data below, using a 3-period moving average, Show your work, (/2) Period Demand 1 19 20 3. 18 19 17 2. A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period? Show your work. (/3) 3. A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order 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 staples 4°C
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