Answered: Day Week 1 Week 2 Sunday 8 Monday 20 15…

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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Question

The Northville Post Office experiences a seasonal pattern of daily mail volume every week. The following
data for two representative weeks are expressed in thousands of pieces of mail:

a. Calculate a seasonal factor for each day of the week.
b. If the postmaster estimates 230,000 pieces of mail to be sorted next week, forecast the volume for
each day of the week.

Day
Week 1
Week 2
Sunday
8
Monday
20
15
Tuesday
30
32
Wednesday
35
30
Thursday
49
45
Friday
70
70
Saturday
15
10
Total
224
210

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