III. Show your complete solution. III. In a particular very small region, the consumer price index, C, depends on the currentvalue of gross regional domestic expenditure E, number of people living in poverty P, andthe average number of household members in a family F, by the following formula:e-EpC = 100 +FIf it is known that the gross regional domestic expenditure is decreasing at a rate of PHP 50per year, and the number of people living in poverty and the average number of householdmembers in a family are increasing at 3 and 1 per year, resp., how fast does the consumerprice index change per year at the moment when E = 1,000, P = 200, and F = 5?%3D

Given, The formula for consumer price index (C) is given as: C=100+e-EPF where, E= Gross regional…

Answered: III. In a particular very small region,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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4. A portfoho manager believes that tomorrow s foreign exchange of the Euro per US dollar will be nomally distributed with mean 2.03 and standard deviation 0.08. Using the manager's mumbers, answer the following questions: a What is the probability that tomorrow's rate will be above 2.08? b. What is the probability that tomorrow s rate will be below 1.87? What is the probability that tomorrow's rate will be between 2.00 and 2.20? a. C. 5. A student is guessing on a ten question multiple choice quiz, the probability of guessing correctly on the each question is .20. What is the probability that the student gets exactly 2 questions right? What is the probability that she would guess more than less than four questions right? 1S 6. An investment has probabilities 0.1, 0.2,0.35, 0.25 and 0.1 of giving returns equal to 40%, 30%, 15%, 5% and -15%. What is the expected retum and standard deviation of returns? 7. The holders of an insurance policy file clams at an average rate of 0.45 per year.…
Develop an ABC graph for the data in Table 16. Whichitems should be classified A, B, and C?Item Annual Usage (in dollars)1 20,000 202 23,000 103 20,000 34 30,000 25 5,000 106 10,000 77 1,000 308 2,000 159 3,000 1010 5,000 6
The quarterly sales in millions for AutoKo Corporation, an automobile dealership company over the past three years are given in the following table. Compute for the seasonal factor of Quarter 3. YEAR 1 YEAR 2 YEAR 3 Quarter 1 1710 1820 1830 Quarter 2 960 910 1090 Quarter 3 2720 2840 2900 Quarter 4 2430 2200 2590
Consider the table below which represents the number of active credit card accounts issued by a small credit union in a particular customer segment from 1994 to 2017 and a relevant forecast method. Time Credit cards A B abs sq abs% err 1994 13260 13260 60 1995 13310 13319 60 10 10 97 0.0007 1996 13383 13379 60 13379 4 4 20 0.0003 1997 13427 13438 59 13439 12 12 149 0.0009 1998 13455 13493 58 13497 42 42 1743 0.0031 1999 13520 13548 57 13551 31 31 962 0.0023 2000 13663 13611 59 13605 -58 58 3360 0.0042 2001 13717 13675 60 13670 47 47 2220 0.0034 2002 13753 13737 61 13735 -17 17 296 0.0013 2003 13792 13798 61 13798 6 6 37 0.0004 2004 13858 13858 61 13858 1 1 0.0000 2005 13915 13919 61 13919 4 4 13 0.0003 2006 13966 13978 60 13979 13 13 177 0.0010 2007 14017 14036 60 14038 21 21 450 0.0015 2008 13945 14081 55 14096 151 151 22852 0.0108 2009 14008 14123 51 14136 128 128 16382 0.0091 2010 14076 14164 48 14174 98 98 9658 0.0070 2011 14122 14204 46 14213 90 90 8128 0.0064 2012 14164 14241 43…
Font Paragraph Styles Using a Trend Line The demand for Year Demand electrical power at N.Y.Edison over the years 1997 60 1998 65 1999 89 1997 – 2003 is given at the left. Fin 2000 92 2001 100 d the overall 2002 122 trend. 2003 110 What is the demand for 2010 and 2011
Given a forecast demand and an actual demand for a certain product, calculate the tracking signal and MAD parameter. Year Forecast Demand Actual demand 1 78 71 75 80 3 83 101 84 84 5 88 60 85 73
Use the below formula to calculate the CLV for the following: A manager of a cable company wants to determine if it is strategic to acquire the Brett family, by estimating their household-level CLV. The manager estimates that it will cost the company $80 (A) to get the Bretts’ to switch, and the Bretts’ will generate $150 profit each year (M), with a $30 annual marketing cost to retain them (C). The estimated retention rate (r) is 65%, and the current discount rate is 5%.(d) i) CLV= ii) Based on your calculation, are the Brett’s profitable to the cable company?
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A cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream.Ft = 80 + 15twhereFt = Annual sales (000 bottles)t is in yearsa. Are annual sales increasing or decreasing? By how much?b. Predict annual sales for year 6 using the equation.
An electronic appliance manufacturer wants to know if there is a relationship between percentage change in deposable personal income which is reported quarterly by the government, and the percentage change in appliances sold by the manufacturer following same years of quarterly data. Brenda Chee and Clarence Paulus lead an analyst team has obtained data for the past 10 quarters. Table 3 Quarter Percent change in income Percent Change in appliance sold Quarter Percent change in income Percent Change in appliance sold 1 -2.3 -2.5 6 -1.0 1.0 2 -1.5 -1.0 7 0.7 1.4 3 2.8 7.4 8 5.2 3.4 4 0.5 2.6 9 -2.5 -0.5 5 4.6 8.5 10 1.7 1.8 1) What forecasting model should be used for this data.Why? 2) Develop the forecasting model that you have proposed in(a). 3) Compute the relationship for these data. In your opinion, is the relationship between independent variable strong enough to base a predictive the…

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