the firm requires a safety stock of 12000 worth of inventory even with no sales. however, for each 1-unit (1000) increase in sales, inventory needs to increase by 1000*0.10=100 to support sales. if the firm expects 45000 in sales this coming year it requires ________ in inventory to support sales.
A. 18000 B.18500 C14000 D16500 E.14500
The intercept has no meaningful interpretation but the beta parameter (slope) says that for each additional centimeter of a plants base diameter the model predicts that the plant will gow to be 7.5cm higher, if a plant has a base diameter of 30cm the regression model predicts a height of _____ using base diameter as a predictor of plant height this model explains 45% of the variation in sales
A. 216.4 B. 227.3 D.225.5 E.223.8
an agricultural researcher has gathered average temperature and harvest data from a sample of orange gorwers in florida over the past 40 years the researcher ran a regression of oranges harvested in tons on the average temperature in the month preceding the harvest the regression results were oranges harvested =30.2+.40(average temperature) r-square=.40 interpretation this regression model predicts about ______ of the variation in the orange harvest. if the average temperature in the month preceding this year harvest is 64 degrees fahrenheit the model predicts the orange harvest will be ____ if the average temperature were 1 degreee fahreheit higher the expected orange harvest woud be ____ more