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Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x = 3.90, the average price of competitors' simllar detergents wll be x2 = 4.28, and Enterprise Industries' advertising expenditure for Fresh will be x3 = .00. A 95 percent prediction interval for this demand is given on the following JMP output Predicted Lower 95% Mean Upper 95% Indiv Upper 95% Mean Demand StdErr Indiv Lower 95% Indiv Donand Donand Demand Denand Demand 31 8.7173346753 7.9350414521 9.4996278984 3805799170 7.0509714672 10.3836978830 (0) Find and report the 95 percent prediction interval on the output. If Enterprise Industries plans to have in inventory the number of bottles implied by the upper limit of this interval, it can be very confident that it will have enough bottles to meet demand for Fresh in the future sales period. How many bottles is this? If we multiply the number of bottles impled by the lower limit of the prediction interval by the price of Fresh ($3.90), we can be very confident that the resulting dollar amount will be the minimum revenue from Fresh in the future sales period. What is this dollar amount? (Round 95% Pl to 5 decimal places and doller amount to 1 decimal place and Level of inventory needed to the nearest whole number.) 95% PII Level of inventory needed - bottles. Lower dollar amount = (b) Calculate a 99 percent prediction interval for the demand for Fresh in the future sales perlod. Hint: n- 30 and s-0.716. Optional technical note needed. The distance value equals Leverage. (Round your answers to 5 decimal places.) 90% PI|

Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x = 3.90, the average price of competitors' simllar detergents wll be x2 = 4.28, and Enterprise Industries' advertising expenditure for Fresh will be x3 = .00. A 95 percent prediction interval for this demand is given on the following JMP output Predicted Lower 95% Mean Upper 95% Indiv Upper 95% Mean Demand StdErr Indiv Lower 95% Indiv Donand Donand Demand Denand Demand 31 8.7173346753 7.9350414521 9.4996278984 3805799170 7.0509714672 10.3836978830 (0) Find and report the 95 percent prediction interval on the output. If Enterprise Industries plans to have in inventory the number of bottles implied by the upper limit of this interval, it can be very confident that it will have enough bottles to meet demand for Fresh in the future sales period. How many bottles is this? If we multiply the number of bottles impled by the lower limit of the prediction interval by the price of Fresh ($3.90), we can be very confident that the resulting dollar amount will be the minimum revenue from Fresh in the future sales period. What is this dollar amount? (Round 95% Pl to 5 decimal places and doller amount to 1 decimal place and Level of inventory needed to the nearest whole number.) 95% PII Level of inventory needed - bottles. Lower dollar amount = (b) Calculate a 99 percent prediction interval for the demand for Fresh in the future sales perlod. Hint: n- 30 and s-0.716. Optional technical note needed. The distance value equals Leverage. (Round your answers to 5 decimal places.) 90% PI|

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x1 = 3.90, the average price of competitors' simllar detergents wll be x2 = 4.28, and Enterprise Industries' advertising expenditure for Fresh will be x3 = .00. A 95 percent prediction interval for this demand is given on the following JMP output Upper 95% Indiv Demand Predicted Lower 95% Mean Upper 95% Mean Demand StdErr Indiv Lower 95% Indiv Domand Donand 7.9350414521 Donand Donand 31 8.7173346753 9.4996278984 3805799170 7.0509714672 10.3836978830 (0) Find and report the 95 percent predictlon interval on the output. If Enterprise Industries plans to have in inventory the number of bottles implied by the upper limit of this interval, it can be very confident that it will have enough bottles to meet demand for Fresh in the future sales perlod. How many bottles is this? If we multiply the number of bottles implied by the lower limit of the prediction interval by the price of Fresh ($3.90), we can be very confident that the resulting dollar amount will be the minimum revenue from Fresh in the future sales period. What is this dollar amount? (Round 95% Pl to 5 decimal places and dollar amount to 1 decimal place and Level of inventory needed to the nearest whole number.) 95% PIL Level of inventory needed - bottles. Lower dollar amount = (b) Calculate a 99 percent prediction Interval for the demand for Fresh In the future sales perlod. Hint: n= 30 and s = 0.716. Optional technical note needed. The distance value equals Leverage. (Round your answers to 5 decimal places.) 90% PI [
Transcribed Image Text:Consider the demand for Fresh Detergent in a future sales period when Enterprise Industries' price for Fresh will be x1 = 3.90, the average price of competitors' simllar detergents wll be x2 = 4.28, and Enterprise Industries' advertising expenditure for Fresh will be x3 = .00. A 95 percent prediction interval for this demand is given on the following JMP output Upper 95% Indiv Demand Predicted Lower 95% Mean Upper 95% Mean Demand StdErr Indiv Lower 95% Indiv Domand Donand 7.9350414521 Donand Donand 31 8.7173346753 9.4996278984 3805799170 7.0509714672 10.3836978830 (0) Find and report the 95 percent predictlon interval on the output. If Enterprise Industries plans to have in inventory the number of bottles implied by the upper limit of this interval, it can be very confident that it will have enough bottles to meet demand for Fresh in the future sales perlod. How many bottles is this? If we multiply the number of bottles implied by the lower limit of the prediction interval by the price of Fresh ($3.90), we can be very confident that the resulting dollar amount will be the minimum revenue from Fresh in the future sales period. What is this dollar amount? (Round 95% Pl to 5 decimal places and dollar amount to 1 decimal place and Level of inventory needed to the nearest whole number.) 95% PIL Level of inventory needed - bottles. Lower dollar amount = (b) Calculate a 99 percent prediction Interval for the demand for Fresh In the future sales perlod. Hint: n= 30 and s = 0.716. Optional technical note needed. The distance value equals Leverage. (Round your answers to 5 decimal places.) 90% PI [
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