Required: Estimate the variable cost per title printed and the fixed cost per month using the least-squares regression method (Round the "Variable cost" to 2 decimal places and the "Fixed cost" to the nearest dollar amount.) Variable cost Fixed cost per title printed per month
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- Nas corporation's manager in the stamping department have been studying the overhead cost and the relatioship machine hours. Data from the most recent 12 months Month Overhead Machine hours January 5,030 2,730 February 1,600 600 March 7,210 3,403 April 4,560 2,200 May 6,880 3,411 June 6,520 2,586 July 6,230 3,364 August 5,570 2,411…Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following materials data for the month ending June 30: Materials purchased $215,500 Materials inventory, June 1 68,000 Materials inventory, June 30 56,700 Determine the cost of direct materials used in production by Walker during the month ended June 30. 158,800To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger th average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income ($1,000s) 22 Itemized Deductions ($1,000s) 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 120 19.7 23.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 25 20 15 • 10 5 Itemized Deductions ($1,000s) 0 20 40 60 80 100 120 Adjusted Gross Income ($1,000s) 140 30 25 20 15 10 5. Itemized Deductions ($1,000s) 30 25 20 15 10 • 15 • 10 5- 0 20 40 60 80 100 120 140 0 Adjusted Gross Income ($1,000s) 20 40 60 80 100…
- Q. 1 The discharge analysis report of Anywhere Health Care Facility shows 1752 discharges (including deaths) for October 2020. Fifty-two deaths were also shown in the report. Find gross death rate. Q. 2 Inpatient deaths at Anywhere Health Care Facility for 2020 totalled 150. Inpatient deaths that occurred less than 48 hours after admission to the facility totalled 75. Total discharges (including deaths) were 25,546. Calculate net death rate. Q. 3 Anywhere Health Care Facility performed 692 surgical procedures during March and administered 652 anaesthetics. Deaths resulting from the administration of an anaesthetic totalled five for the month. Find Anaesthesia death rate. Q. 4 Surgery was performed on 492 patients in the Anywhere Health Care Facility during March, and 27 of those patients died within 10 days of surgery. Find Postoperative death rate. Q.5 In the month of June 4500 inpatients days were served in a hospital with 150 beds. Calculate the percentage of inpatient occupancy…To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income ($1,000s) Itemized Deductions ($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 15.7 120 23.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 30 30 30 25 25 20 20 20 20 15 15 15 15 10 ... 10 10 10 ... 5. 5. 5 20 40 60 80 100 120 140 20 40 60 80 100 120 140 20 40 60 80 100 120 140 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) Adjusted Gross Income ($1,000s) Adjusted Gross Income ($1,000s)…using Weierstrass app.
- To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income($1,000s) Itemized Deductions($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 19.7 120 27.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. (b) Use the least squares method to develop the estimated regression equation that can be used to predict itemized deductions (in $1,000s) given the adjusted gross income (in $1,000s). (Round your numerical values to three decimal…To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income($1,000s) Itemized Deductions($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 19.7 120 23.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. A scatter diagram has 7 points plotted on it. The horizontal axis ranges from 0 to 140 and is labeled: Adjusted Gross Income ($1,000s). The vertical axis ranges from 0 to 30 and is labeled: Itemized Deductions ($1,000s). The points are…To the Internal Revenue Service, the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of Income, the chances of an IRS audit are increased. Data (In thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income ($1,000s) Itemized Deductions ($1,000s) 22 9.6 27 9.6 32 10.1 48 11.1 65 12.5 85 16.7 120 24.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. (b) Use the least squares method to develop the estimated regression equation that can be used to predict itemized deductions (in $1,000s) given the adjusted gross income (in $1,000s). (c) Predict the reasonable level of total itemized deductions (in $1,000s)…
- To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with larg given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income Itemized Deductions ($1,000s) 22 ($1,000) 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 120 15.7 25.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30 25 20 15 10 5 30 25 20 15 10 5+ 30 25- 20- 15- 10- .. 5- 0 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 0 20 40 60 80 100 120 140 0 Adjusted Gross Income ($1,000s) 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) 30 25 20 15 10 5- 0 20 40 60 80 100 Adjusted Gross Income ($1,000s) 120 140 G (b) Use the least squares method to…Prices and mileage of 30 Subaru Forester models within 50 miles of Columbus, Indiana are collected from Cargarus.com. Mileage ranged from 7,442 to 77,674 miles. Prices ranged from $25,560 to $29,990. Attached file.Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage(hours) AnnualMaintenanceExpense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 test statistic is 6.90 Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. Reject H0. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. Do not reject H0. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. Reject H0. We cannot conclude that the relationship between weekly usage…