Question
In: Statistics and Probability
Price of eggs and milk: The following table presents the average price in dollars for a...
Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from January through October
2010
.
|
Dozen Eggs |
Gallon of Milk |
|
1.79 |
3.12 |
|
1.77 |
2.69 |
|
1.28 |
3.76 |
|
1.78 |
2.78 |
|
0.88 |
3.00 |
|
0.98 |
3.08 |
|
1.15 |
3.31 |
|
1.05 |
3.15 |
|
1.86 |
2.94 |
|
1.83 |
2.73 |
If the price of eggs differs by $0.25 from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places.
Solutions
orchestra answered 1 year agoRelated Solutions
Price of eggs and milk: The following table presents the average price in dollars for a...
Price of eggs and milk: The following table
presents the average price in dollars for a dozen eggs and a gallon
of milk for each month from February through November
2001. Use a TI-84 calculator to answer the following.
Dozen Eggs
Gallon of Milk
1.21
2.66
1.13
2.67
1.01
2.69
1.20
2.68
1.15
2.71
1.28
2.67
1.26
2.90
1.33
2.91
1.45
2.94
1.56
2.95
If the price of eggs differs by $0.30 from one month to the
next, by how...
The following table presents the average price in dollars for a dozen eggs and a gallon...
The following table
presents the average price in dollars for a dozen eggs and a gallon
of milk for each month in a recent year.
Dozen
Eggs
Gallon of
Milk
1.94
3.58
1.80
3.52
1.77
3.50
1.83
3.47
1.69
3.43
1.67
3.40
1,65
3.43
1.88
3.47
1.89
3.47
1.96
3.52
1.96
3.54
2.01
3.58
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Energy consumption. The following table
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housing units of various sizes (in square feet).
Size
250
750
1250
1750
2250
2750
3250
3750
Energy
Expenditure
1087
1228
1583
1798
1939
2138
2172
2315
c.) If two homes differ in size by 250 square feet, by how much
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d.) Predict the energy expenditure for a home that is 2000
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e.) Compute the...
The following table shows the average stock price, in dollars, of XYZ Corporation in the given...
The following table shows the average stock price, in dollars,
of XYZ Corporation in the given month.
Month
Stock
price
January
2011
$43.73
February
2011
$44.23
March 2011
$44.42
April 2011
$45.21
May 2011
$45.92
(a) Find the equation of the regression line. (Let P be
the stock price in dollars and t the time in months since
January, 2011. Round the regression coefficients to three decimal
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P(t) =
House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20...
House prices: The following table presents
prices, in thousands of dollars, of single-family homes for 20 of
the 25 largest metropolitan areas in the United States for the
third quarter of 2012 and the third quarter of 2013.
Metro Area
2012
2013
Metro Area
2012
2013
Atlanta, GA
87.8
115.1
Philadelphia, PA
193.5
197.7
Baltimore, MD
218.1
226.5
Phoenix, AZ
129.9
169.0
Boston, MA
311.5
332.2
Portland, OR
208.6
246.5
Chicago, IL
157.2
159.4
Riverside, CA
174.3
216.7
Cincinnati, OH...
Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars per carton)...
Suppose the wholesale price of a certain brand of medium-sized
eggs p (in dollars per carton) is related to the weekly supply x
(in thousands of cartons) by the equation
625?2 −?2 = 100
If 25,000 cartons of eggs are available at the beginning of a
certain week, and
(a) if the price is falling at the rate of
2¢/carton/week, at what rate is the weekly supply changing?
(b) if the weekly supply is falling at the rate of
1,000...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $50. The...
The following table presents sales forecasts for Golden Gelt
Giftware. The unit price is $50. The unit cost of the giftware is
$30. Year Unit Sales 1 31,000 2 39,000 3 13,000 4 7,000 Thereafter
0 It is expected that net working capital will amount to 20% of
sales in the following year. For example, the store will need an
initial (Year 0) investment in working capital of .20 × 31,000 ×
$50 = $310,000. Plant and equipment necessary to...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $30. The...
The following table presents sales forecasts for Golden Gelt
Giftware. The unit price is $30. The unit cost of the giftware is
$20.
Year Unit Sales
1 27,000
2 35,000
3 19,000
4 10,000
Thereafter 0
It is expected that net working capital will amount to 20% of
sales in the following year. For example, the store will need an
initial (Year 0) investment in working capital of .20 × 27,000 ×
$30 = $162,000. Plant and equipment necessary to...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt
Giftware. The unit price is $40. The unit cost of the giftware is
$30.
Year Unit Sales
1 - 36,000
2 - 44,000
3 - 13,000
4 - 7,000
Thereafter 0
It is expected that net working capital will amount to 20% of
sales in the following year. For example, the store will need an
initial (Year 0) investment in working capital of .20 × 36,000 ×
$40 = $288,000. Plant...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt
Giftware. The unit price is $40. The unit cost of the giftware is
$20.
Year
Unit Sales
1
34,000
2
42,000
3
16,000
4
10,000
Thereafter
0
It is expected that net working capital will amount to 20% of
sales in the following year. For example, the store will need an
initial (Year 0) investment in working capital of .20 × 34,000 ×
$40 = $272,000. Plant and equipment necessary...
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