STATISTICS F/BUSINESS+ECONOMICS-TEXT
STATISTICS F/BUSINESS+ECONOMICS-TEXT
13th Edition
ISBN: 9781305881884
Author: Anderson
Publisher: CENGAGE L
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Chapter 20, Problem 18E

Nickerson Manufacturing Company has the following data on quantities shipped and unit costs for each of its four products:

  Chapter 20, Problem 18E, Nickerson Manufacturing Company has the following data on quantities shipped and unit costs for each

  1. a. Compute the price relative for each product.
  2. b. Compute a weighted aggregate price index that reflects the shipping cost change over the four-year period.
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The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
Assume that a company wants to separate a mixed cost into its variable and fixed elements for cost estimation purposes. It provided the following information: Uni ts Mixed Month Produced Cost $11, 045 $11, 870 $11, 560 January 1, 050 February 1, 150 March 1, 100 1, 250 $12, 100 $10, 800 $12, 210 $10, 970 $11, 005 April May 950 June 1, 280 July 990 August 1, 010 The regression equation used for estimating the total mixed cost for a given level of activity is closest to:
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