Author Question: A regression analysis involving one independent variable and one dependent variable is referred to ... (Read 239 times)

arivle123 · **on:** Jun 24, 2018

A regression analysis involving one independent variable and one dependent variable is referred to as a _____.
a. factor analysis
b. time series analysis
c. simple regression
d. data mining

Question 2

A fruit stand manager must decide how many pounds of bananas to stock weekly. From past records it appears that the demand for bananas is approximately normal with a mean of 1,200 pounds and a standard deviation of 400 pounds. The cost of the bananas is 0.15 per pound and the usual selling price is 0.45 per pound. At the end of each week a hog farmer comes by the fruit stand and purchases any unsold, over-ripened bananas for 0.05 per pound. Calculate the amount of bananas the manager needs to purchase each week to maximize his profit. ___________________ _ pounds
Fill in the blank(s) with correct word