SIPOC is the abbreviation for support, inputs, processes, outputs, and customers. O False O True Histograms are used for continuous categorical data whereas, frequency chart is used for numerical data. * False O True
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- The file P13_22.xlsx contains total monthly U.S. retail sales data. While holding out the final six months of observations for validation purposes, use the method of moving averages with a carefully chosen span to forecast U.S. retail sales in the next year. Comment on the performance of your model. What makes this time series more challenging to forecast?Forecast error is measured using the following formula. O a. Actual value = Forecast value O b. Forecast value = Actual value O C. Actual value - Forecast value o d. Forecast value - Actual valueRequlred Informatlon The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, L01-6] [The following Information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 6.80 $ 4.30 $ 1.60 $ 4.00 $ 3.80 $ 2.20 $ 1.20 $ 0.45 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Foundational 1-15 (Algo) 15. What Incremental manufacturing cost will Martinez incur if It increases production from 10,000 to 10,001 units? (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Incremental cost per unit produced $ 14.35
- 41.The ______ are (is) used to determine the amount of money that an organization would save if it used a particular test in place of the test it currently uses to select employees. a. Brogden-Cronbach-Gleser formula b. Taylor-Russell Tables c.expectancy charts d. Lawshe tables 42.When the criterion validity coefficient is ____, and the selection ratio is ____, a test will have the most utility in selecting successful employees. a. large / large b. large / small c.small / small d. small / large 43.A test is considered to have _____ if there are race differences in test scores that are unrelated to the construct being measured. a. differential validity b. measurement bias c.selection bias d. adverse impact 44.If the selection rate for any of the protected groups is less than 80% of the…Seasonal indices adjust raw data for patterns that repeat at regular time intervals. True FalseWhich one of the following methods eliminates short term and random fluctuations in a time series? a. Moving Average b. Semi-Average c. Neither moving average nor semi average d. Both moving average and semi-average
- When will you use scatter diagram?a. For 2 variables that have relationshipb. For 2 variables that have no relationshipc. For data that are inversely proportionald. For data that are directly proportionale. None of the aboveDeseasonalizing old demand data is the process of reintroducing the seasonal effect toforecasted data. True or false?a. Trueb. FalseWhich of the following is not a similarity between seasonal and cycle factors? They both model variability in the dependent variable. They both sum to the number of data points in the averaging process. They are both calculated as ratios. They both use the actual data series in their calculation. All of the options are correct.
- 5. Construct the frequency distribution for the data. For calculating the cell width assume 7 cells, the lower limit of 25.35 inches and upper limit of 25.42 inches. Round your answers for interval boundaries to three decimal places and round your answers for frequencies to the nearest whole number. Cell From To (inclusive) Frequency 09 25.360 X 1 7 2 3 456 10 a 8 9 10 10 KThe following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.8 2010 29.2 2011 37.9 2012 4 50.3 2013 59.8 2014 6 66.6 (a) Construct a time series plot. 80 80 70 70 70 70 60 60 50 50 50 30 30 30 30- 20 20 20 20 10 10 10 - 10- 4. 6 7 4 6 4 5 6 7 1 2. 4 6 7 Period Period Period Period What type of pattern exists in the data? O The time series plot shows an upward linear trend. O The time series plot shows a downward curvilinear trend. O The time series plot shows a downward linear trend. O The time series plot shows an upward curvilinear trend. (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) T = (c) What is the average revenue increase per year (in billions of dollars) that this company has been realizing? (Round your answer to three decimal places.) billion Revenue ($ billions) Revenue ($ billions)…The tracking signal is the:a) standard error of the estimate.b) cumulative error.c) mean absolute deviation (MAD).d) ratio of the cumulative error to MAD.e) mean absolute percent error (MAPE)