Homework Help is Here – Start Your Trial Now!
Business
Operations Management
shipped and total shipping costs: Number of Units Shipped 75 Month January February March April May June July 60 40 20 70 80 50 Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. sing the regression output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. Fixed cost Variable cost per unit Total Shipping Cost $3,250 2,300 1,700 1,200 2,300 2,700 2,000 Required 5 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Intercept X Variable Perform a least-squares regression analysis on Odessa's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using to 2 decimal places. Required 5 Required 3 Required 4 Coefficients Complete this question by entering your answers in the tabs below. < Required 3 Required 5 Required 5 Using the regression output, create a linear equation (y = a + bx) for estimating Odessa's ship Note: Round your answers to 2 decimal places. Total shipping cost= Number of units shipped

shipped and total shipping costs: Number of Units Shipped 75 Month January February March April May June July 60 40 20 70 80 50 Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. sing the regression output, create a linear equation (y=a+bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. Fixed cost Variable cost per unit Total Shipping Cost $3,250 2,300 1,700 1,200 2,300 2,700 2,000 Required 5 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Intercept X Variable Perform a least-squares regression analysis on Odessa's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using to 2 decimal places. Required 5 Required 3 Required 4 Coefficients Complete this question by entering your answers in the tabs below. < Required 3 Required 5 Required 5 Using the regression output, create a linear equation (y = a + bx) for estimating Odessa's ship Note: Round your answers to 2 decimal places. Total shipping cost= Number of units shipped

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question
shipped and total shipping costs: Number of Units Shipped 75 60 40 20 70 80 50 Month January February March April May June July Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. sing the regression output, create a linear equation (y= a + bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Total Shipping Cost $3,250 2,300 1,700 1,200 2,300 2,700 2,000 Required 5 Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. Fixed cost Variable cost per unit Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Intercept X Variable Perform a least-squares regression analysis on Odessa's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using to 2 decimal places. Required 3 Required 4 Coefficients Complete this question by entering your answers in the tabs below. < Required 3 Required 5 Required 5 Using the regression output, create a linear equation (y = a + bx) for estimating Odessa's ship Note: Round your answers to 2 decimal places. Total shipping cost = Number of units shipped
Transcribed Image Text:shipped and total shipping costs: Number of Units Shipped 75 60 40 20 70 80 50 Month January February March April May June July Required: 3. Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. 4. Perform a least-squares regression analysis on Odessa's data. 5. sing the regression output, create a linear equation (y= a + bx) for estimating Odessa's shipping costs. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Total Shipping Cost $3,250 2,300 1,700 1,200 2,300 2,700 2,000 Required 5 Using the high-low method, calculate Odessa's total fixed shipping costs and variable shipping cost per unit. Fixed cost Variable cost per unit Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 5 Intercept X Variable Perform a least-squares regression analysis on Odessa's data. Note: Use Microsoft Excel or a statistical package to find the coefficients using to 2 decimal places. Required 3 Required 4 Coefficients Complete this question by entering your answers in the tabs below. < Required 3 Required 5 Required 5 Using the regression output, create a linear equation (y = a + bx) for estimating Odessa's ship Note: Round your answers to 2 decimal places. Total shipping cost = Number of units shipped
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS