In: Economics

You work for a snow cone company. You've collected data on monthly sales (S, number of snow-cones per month) and the price of your regular-size snow-cone (P, in dollars), as well as the daily average summer temperature in your most popular market (T, in degrees Fahrenheit). You estimate the following regression model:

**S = a + bP + cT**.

In your regressions, you usually look for a 10%-or-better level of confidence.

a) What are the expected signs for a, b, and c?

Your regression yields the following results:

Adjusted R Square 0.883

*Independent
Variables Coefficients Standard
Error t
Stat
P-value*

Intercept 2718 598 4.544 0.00615

P -641.62 90.23 -7.111 0.00085

T 10.32 6.36 1.623 0.16562

b) The estimated coefficient for a (intercept) suggests that?

c) The estimated coefficient for b (price of the regular size snow-cone) suggests that?

d) The estimated coefficient for c (daily average summer temperature) suggests that?

e) The price of the regular size snow-cone has a statistically significant effect on our sales? True or False

f) Daily average summer temperature affects the sales of regular size snow-cones in a statistically significant way? True or False

g) What portion of the total variation in sales of the regular size snow-cone remains unexplained?

h) The snow cone company is considering selling in a new city, where the average daily summer temperature is 83°, for a price of $4.10. What level of sales would you expect in this new city (rounded to the nearest unit)?

You work for SneauxCeauxne, the
Cajun-inspired crushed-ice dessert company. You’ve collected data
on monthly sales (S, number of snow-cones per month) and the price
of your regular-size snow-cone (P, in dollars), as well as the
daily average summer temperature in your most popular market (T, in
degrees Fahrenheit). You estimate the following regression model: S
= a + bP + cT. In your regressions, you usually look for a
10%-or-better level of confidence.
a. What signs do you
expect for...

You work for Mut the Custard, a frozen
custard company. You’ve collected data on monthly sales (S, number
of regular-sized frozen custards per month) the price of your
regular-sized frozen custard (P, in dollars), and the population
size in the different cities in which your company operates (N,
number of people; you currently only have one establishment in each
city). You estimate the following regression model: S = a + bP +
cN. In your regressions, you usually look for...

A sales manager collected data on annual sales for new customer
accounts and the number of years of experience for a sample of 10
salespersons. In the Microsoft Excel Online file below you will
find a sample of data on years of experience of the salesperson and
annual sales. Conduct a regression analysis to explore the
relationship between these two variables and then answer the
following questions.
Salesperson
Years of Experience
Annual Sales ($1000s)
1
3
79
2
4
92...

You are considering buying a corner snow cone business for
$100,000. As a conservative business person, you assume zero
salvage value at the end of the project. You assume annual sales of
12,000 snow cones per year. The price of a snow cone in year 1 is
$5.00/ea. Operating costs are estimated to be $8,000/yr. The
project evaluation life is 3 years, and the minimum rate of return
is 15%.
(a) Conduct a single-variable sensitivity analysis of the
project, looking...

make it in C++ with pointerA retail company must file a monthly sales tax report listing
the sales for the month andthe amount of sales tax collected. Write a program that asks for
the month, the year,and the total amount collected at the cash register (that is, sales
plus sales tax). Assumethe state sales tax is 4 percent and the county sales tax is 2
percent.If the total amount collected is known and the total sales tax is 6
percent,...

Must be done in Visual StudiosA retail company must file a monthly sales tax report listing
the sales for the month and the amount of sales tax collected.
Write a program that asks for the month, the year, and the total
amount collected at the cash register (that is, sales plus sales
tax). Assume the state sales tax is 4 percent and the county sales
tax is 2 percent.If the total amount collected is known and the total sales tax...

The data below collected for the number of at bats and the
number of hits in the world series:
Subject
At Bats
Hits
A
51
19
B
67
25
C
77
30
D
44
20
E
55
23
F
39
16
G
45
18
1. Draw a scatterplot (10 points)
2. Find the correlation coefficient r (45 points)
3. Find the equation of the regression line and graph the
equation on the scatterplot (35 points)
4. How many hits...

You've collected the following information about Oscar &
Ollie Inc.:
Sales = $165,000
Net Income = $14,800
Dividends = $9,300
Total Debt = $68,000
Total Equity = $51,000
What is the sustainable growth rate? If it does grow at this
rate, how much new borrowing will take place in the coming year,
assuming a constant debt–equity ratio? What growth rate could be
supported with no outside financing at all?

A retail company must file a monthly sales tax report listing
the total sales for the month, and the amount of state and county
sales tax collected. The state sales tax rate is 5 percent and the
county sales tax rate is 3 percent. Create a GUI application that allows the user to enter the total sales for the
month into a text field. From this figure, the application should
calculate and display the following: The number of county sales tax...

C programming
Monthly Sales Tax Program
A retail company must file a monthly sales tax report listing the total sales for the month and the amount of state and county sales tax collected. The state sales tax rate is 4 percent and the county sales tax rate is 2 percent. Write a program that asks the user to enter the total sales for the month. The application should calculate and display the amount of county sales tax, the amount of...

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