The accounting department of Insecurity Protection Services, a company that provides security services forrich, famous, and insecure people is analyzing the costs of its accounting services. Analysts have selectedthe following cost drivers: paychecks processed, invoices processed, customer accounts maintained,responses to routine inquires, and special analyses.MONTHCOSTSPAYCHECKSINVOICESCUSTOMERROUTINESPECIALACCOUNTS325PROCESSEDPROCESSEDINQUIRESANALYSIS$7,013.006,469.806,129.405,905.905,659.501,3401,1801,050112,69011,98010,95010,2809,0208,1307,5406,980322310393280245205185451493054840686780835,115.805,101.805,488.905,284.80277001609738630140112498,9306801151012Sort9,80010,56011,56010760935,538.406,129.306,026.106,517.206,600.5012011890175821121,0701,2401,3901,450200681311,71012,46013,52013,620169,730240551428545157,153.107,207.60$97,341.10300391161,51016,44031524TОTALS3,6001,03716INCLUDE A PRINTOUT OF YOUR EXCEL REGRESSION ANALYSISA. Using the method of least squares, run a simple regression using the number of invoicesprocessed as the single independent variable. What is the cost formula for this regression?COST FORMULA =В.Run a multiple regression using the five independent variables: paychecks processed, invoicesprocessed, customer accounts, routine inquires, special analysis. What is the cost formula for thismultiple regression? Which regression equation is better, the simple regression or the multipleregression? Why?COST FORMULA =WHICH REGRESSION EQUATION IS BETTER, THE SIMPLE REGRESSION OR THEMULTIPLE REGRESSION?WHY?C. Assuming the following level of cost-driver volume for a month, what is the accounting department'sestimated costs of doing business? (Don't forget to include the intercept of the regression in yourestimate.)10,000 paychecks processed1,000invoices processed300customer accounts maintained501routine inquiresspecial analysisANSWER =

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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 new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, Julie Naugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table illustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on this new device in small scale, large scale or not at all. Alternatives Answer Small-scale production Large-scale production No production Probabilities Step 2 of 3: What is the Expected Value with Perfect Information? $ Decision Table High Demand 850,000 1,700,000 0 0.20 State of Nature Moderate Demand 300,000 700,000 0 0.50 Low Demand…
The new business venture, Best-In-World, has been manufacturing technology devices for over 20 years and is considering adding a new technology device to its music line. They have an established reputation for building quality devices, but they are rather novice in the music industry. The Chief Innovation and Design Officer, Julie Naugle-Hall, is tasked with hiring a marketing firm to conduct a survey to determine the feasibility and demand for their new music device. The follow decision table illustrates the potential payoffs for a high demand, moderate demand and low demand for the new music device. The decision will be whether to start production on this new device in small scale, large scale or not at all. Alternatives Answer Small-scale production Large-scale production No production Probabilities Decision Table High Demand 850,000 1,700,000 0 0.20 State of Nature Moderate Demand 300,000 700,000 0 0.50 Low Demand -700,000 -1,000,000 0 0.30 Step 3 of 3: How much should Julie be…
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