The following are advertised sale prices of color televisions at an electronics store. Size (inches) Sale...

The following are advertised sale prices of color televisions at an electronics store.

Size (inches)	Sale Price ($)
9	147
20	187
27	267
31	447
35	1177
40	2177
60	2497

Calculate the least squares line. Put the equation in the form of:

ŷ = a + bx

Find the correlation coefficient r.

Find the estimated sale price for a 33-inch television. (Use your equation from part (d). Round your answer to two decimal places.)
$

Find the estimated sale price for a 47-inch television

What is the slope of the least squares (best-fit) line? (Round your answer to three decimal places.)

Expert Solution

orchestra answered 2 years ago

JUST PART TWO PLEASE! 1. Videoworld is a discount store that sells color televisions. The monthly...

JUST PART TWO PLEASE! 1. Videoworld is a discount store that sells color televisions. The monthly demand for color television sets is 100. The cost per order from the manufacturer is $600. The carrying cost is $64 per set each year. Assume a year has 360 working days. Determine the following values rounding to the nearest integer (answer them using only numbers without any sign such as the dollar sign, comma, ...): Q1. The optimal quantity per order: Q2. The...

The following question examines the prices of televisions. In this question, we’re going to consider regressions...

The following question examines the prices of televisions. In this question, we’re going to consider regressions of the form: pricei = β0 + β1sizei + β2size2i + β3UHDi + εi Where pricei is the retail price of the television in dollars, sizei is the size of the TV screen in inches, and UHDi is a binary {0,1} indictor for whether or not the television supports ultra-high definition (versus conventional high definition). We run the regression two different ways. The coefficients...

he following data are for calculator sales in units at an electronics store over the past...

he following data are for calculator sales in units at an electronics store over the past nine weeks: Week Sales Week Sales 1 4444 6 5757 2 4545 7 6565 3 4646 8 5555 4 5151 9 6464 5 5757 Use trend projection with regression to forecast sales for weeks 10minus−13. What are the error measures (CFE, MSE, sigmaσ, MAD, and MAPE) for this forecasting procedure? How about r squaredr2? Obtain the trend projection with regression forecast for weeks...

Given the following relationship: Shoe Size | Height (inches) 7.5 | 66 8 | 67 8...

Given the following relationship: Shoe Size | Height (inches) 7.5 | 66 8 | 67 8 | 68 10 | 71 10.5 | 70 11 | 73 a) Letting the variable x represent shoe size and y represent height, determine the least squares regression line and correlation coefficent. b) Based on the correlation coefficient calculated above, can the least squares regression line be confidently used as a predictor of height? Why or Why not? SHow the work detailed. Thank you

Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...

Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs & Service UNADJUSTED TRIAL BALANCE April 30, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,350.00 2 Accounts Receivable 67,500.00 3 Supplies 16,200.00 4 Equipment 116,100.00 5 Accounts Payable 15,750.00 6 Unearned Fees 18,000.00 7 Karin Bickle, Capital 121,500.00 8 Karin Bickle, Drawing 13,500.00 9 Fees Earned 294,750.00 10 Wages Expense 94,500.00 11 Rent Expense 72,000.00...

Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...

Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service Unadjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash 12,410 Accounts Receivable 82,420 Supplies 19,860 Equipment 472,590 Accounts Payable 19,360 Unearned Fees 21,850 Nancy Townes, Capital 342,000 Nancy Townes, Drawing 16,380 Fees Earned 496,510 Wages Expense 115,190 Rent Expense 87,880 Utilities Expense 63,060 Miscellaneous Expense 9,930 879,720 879,720 For preparing the...

Trident Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the...

Trident Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 9,880.00 2 Accounts Receivable 67,550.00 3 Supplies 16,160.00 4 Equipment 114,550.00 5 Accounts Payable 15,790.00 6 Unearned Fees 17,600.00 7 Common Stock 9,500.00 8 Retained Earnings 112,710.00 9 Dividends 13,210.00 10 Fees Earned 291,830.00 11 Wages Expense 94,040.00 12 Rent Expense...

Given the following relationship: Shoe Size | Height (inches) 7.5 66 8 67 8 68 10...

Given the following relationship: Shoe Size | Height (inches) 7.5 66 8 67 8 68 10 71 10.5 70 11 73 a) Letting the variable x represent shoe size and y represent height, determine the least squares regression line and correlation coefficent. b) Based on the correlation coefficient calculated above, can the least squares regression line be confidently used as a predictor of height? Why or Why not? Please help show work.

Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance...

Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Balances Credit Balances Cash 13,860 Accounts Receivable 92,000 Supplies 22,170 Equipment 471,750 Accounts Payable 21,610 Unearned Fees 24,380 Common Stock 55,000 Retained Earnings 271,000 Dividends 18,290 Fees Earned 554,200 Wages Expense 128,570 Rent Expense 98,090 Utilities Expense 70,380 Miscellaneous Expense 11,080 926,190 926,190 For...

Hebert’s Variety Store has four departments: men's, women's, children's, and electronics. The following information is provided:...

Hebert’s Variety Store has four departments: men's, women's, children's, and electronics. The following information is provided: Men's Women's Children's Electronics Floor space 10,000 sq. ft. 20,000 sq. ft. 8,000 sq. ft. 2,000 sq. ft. Sales $ 35,000 $ 75,000 $ 20,000 $ 12,000 The company's accountant needs to allocate the store's annual rent of $160,000. Required: 1) Compute the allocation rate that should be used to allocate the rent cost to the four departments. 2) Compute the amount of rent...

Question