A regression analysis involving one independent variable and one ...

[arivle123]

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

[chinwesucks]

Answer to Question 1

C

Answer to Question 2

1468

[arivle123]

Thanks for the timely response, appreciate it

[Bigfoot1984]

YES! Correct, THANKS for helping me on my review