Q. No.1:Wellstone Inc. produces and markets replacement covers for cell phones in a variety of colors. The company would like to allocate its production plans to five different colors: bright white, metallic black, magnetic lime, tangerine orange, and fusion red. The company set up a kiosk in the Mall of America for several hours and asked randomly selected people which cover color was their favorite. The results follow: Bright white Metallic black Magnetic lime Tangerine orange Fusion red 140 104 325 455 128 а. Draw a bar chart & pie chart for the table. b. If Wellstone Inc. plans to produce one million cell phone covers, how many of each color should it produce? Q. No.2:Discuses at least five real life applications and importance of Index Numbers The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2000 as the base.Calculate base year weighted and current year weighted index numbers 2009 2000 Item Price Quantity 17,000 Price Quantity 20,000 Washer $0.07 $0.10 Cotter pin 0.04 125, 0000 0.03 130,00 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 Q. No.3:the owner of Haverty's Furniture Company was studying the relationship between sales and the amount spent on advertising. The sales information for the last four months is repeated below. Month Advertising Expense ($ million) Sales Revenue ($ million) July 7 August 1 3 September 3 8 October 4 10 a) Determine the regression equation. (b) Interpret the values of a and b. (c) Estimate sales when $3 million is spent on advertisin

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Q. No.1:Wellstone Inc. produces and markets replacement covers for cell phones in a variety of colors. The
company would like to allocate its production plans to five different colors: bright white, metallic black,
magnetic lime, tangerine orange, and fusion red. The company set up a kiosk in the Mall of America for
several hours and asked randomly selected people which cover color was their favorite. The results follow:
Bright white
Metallic black
Magnetic lime
Tangerine orange
Fusion red
140
104
325
455
128
а.
Draw a bar chart & pie chart for the table.
b. If Wellstone Inc. plans to produce one million cell phone covers, how many of each color should it
produce?
Q. No.2:Discuses at least five real life applications and importance of Index Numbers
The prices and the numbers of various items produced by a small machine and stamping plant are reported
below. Use 2000 as the base.Calculate base year weighted and current year weighted index numbers
2009
2000
Price
Quantity
Quantity
20,000
Item
Price
Washer
$0.07
17,000
$0.10
Cotter pin
0.04
125, 0000
0.03
130,00
Stove bolt
0.15
40,000
0.15
42,000
Hex nut
0.08
62,000
0.10
65,000
Q. No.3:the owner of Haverty's Furniture Company was studying the relationship between sales and the
amount spent on advertising. The sales information for the last four months is repeated below.
Month
Advertising Expense ($ million)
Sales Revenue ($ million)
July
2
7
August
1
3
September
3
8
October
4
10
a) Determine the regression equation. (b) Interpret the values of a and b. (c) Estimate sales when $3 million is spent on advertising.
Transcribed Image Text:Q. No.1:Wellstone Inc. produces and markets replacement covers for cell phones in a variety of colors. The company would like to allocate its production plans to five different colors: bright white, metallic black, magnetic lime, tangerine orange, and fusion red. The company set up a kiosk in the Mall of America for several hours and asked randomly selected people which cover color was their favorite. The results follow: Bright white Metallic black Magnetic lime Tangerine orange Fusion red 140 104 325 455 128 а. Draw a bar chart & pie chart for the table. b. If Wellstone Inc. plans to produce one million cell phone covers, how many of each color should it produce? Q. No.2:Discuses at least five real life applications and importance of Index Numbers The prices and the numbers of various items produced by a small machine and stamping plant are reported below. Use 2000 as the base.Calculate base year weighted and current year weighted index numbers 2009 2000 Price Quantity Quantity 20,000 Item Price Washer $0.07 17,000 $0.10 Cotter pin 0.04 125, 0000 0.03 130,00 Stove bolt 0.15 40,000 0.15 42,000 Hex nut 0.08 62,000 0.10 65,000 Q. No.3:the owner of Haverty's Furniture Company was studying the relationship between sales and the amount spent on advertising. The sales information for the last four months is repeated below. Month Advertising Expense ($ million) Sales Revenue ($ million) July 2 7 August 1 3 September 3 8 October 4 10 a) Determine the regression equation. (b) Interpret the values of a and b. (c) Estimate sales when $3 million is spent on advertising.
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