A manufacturing firm produces its products in batches using sophisticated machines and equipment. The general manager wanted to investigate the relationship between direct labor costs andthe number of units produced per batch. The recorded the data from the last 30 batches is belowBatch Size Labor Cost Batch Size Labor Cost (5)25341931392121194036342926364234154474303403173624524644384204004692539.25*8585&2931213639294135.21292539588888883429440420400425420401451422410395409Determine the fixed and variable labor costs (Round your answers to the nearest cent)fixed cost5variable labor cost

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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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The amount of time adults spend watching television is closely monitored by firms because this helps to determine advertising pricing for commercials. Complete parts (a) through (d). (a) Do you think the variable "weekly time spent watching television" would be normally distributed? If not, what shape would you expect the variable to have? O A. The variable "weekly time spent watching television" is likely uniform, not normally distributed. O B. The variable "weekly time spent watching television" is likely skewed left, not normally distributed. O C. The variable "weekly time spent watching television" is likely normally distributed. O D. The variable "weekly time spent watching television" is likely skewed right, not normally distributed. O E. The variable "weekly time spent watching television" is likely symmetric, but not normally distributed. (b) According to a certain survey, adults spend 2.45 hours per day watching television on a weekday. Assume that the standard deviation for…
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Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the price-demand and total cost data, where: • p is the wholesale price (in dollars) of a sleeping bag for a weekly demand of a sleeping bags; • C is the total cost (in dollars) of producing a sleeping bags. r (sleeping bags) p ($) C ($) 95 240 13,000 120 235 14,300 180 155 18,500 220 50 21,000 Find a quadratic regression equation for the price-demand data, using x as the independent variable. p= a + b + cx² Round a to the nearest integer, round b to 2 decimal places, and round c to 4 decimal places. Revenue Model Using the regression model computed above, find a model for the weekly revenue, using x as the independent variable. NOTE: Do not calculate another regression. Use the price equation to finda model for revenue R(z) =p · x. R(x) = p · x = (a + bx + cx²)x = ax + bx² + cx³ of 1 O words * Accessibility: Investigate O Tuno horo
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Calculate the consumers' surplus at the indicated unit price p for the demand equation. HINT [See Example 1.] (Round your answer to the nearest cent.) p = 20 − 2q; p = 1 $

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Determine the fixed and variable labor costs (Round your answers to the nearest cent.) fixed cost variable labor cost