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Author Question: A regression analysis involving one independent variable and one dependent variable is referred to ... (Read 161 times)

arivle123

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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


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chinwesucks

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

1468


arivle123

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Excellent

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