The following are historical demand data: ACTUAL YEAR SEASON DEMAND 2011 Spring 204 Summer 148 Fall 380 Winter 565 2012 Spring 482 Summer 265 Fall 680 Winter 966
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- Find the mean hourly cost when the cell phone described above is used for 240 minutes.Listed below is the Fan Cost Index of the NBA for a given year. Find the percent of increase of the NBA FCI from 2012 to 2105. 2012 2013 2014 2015 NBA $315.66 $326.30 $333.53 $339.02JOYFUL Fashion Company is reviewing the monthly sales in year 2021. each month were as below:The monthly sales (in millions) of Jan: $2.2 Feb: $2.5 Mar: $2.0 Apr: $2.8 May: $1.9 Jun: $0.9Jul: $3.4 Aug: $3.7 Sep: $2.1 Oct: $2.5 Nov: $2.3 Dec: $4.6(a) Find the mean, mode, standard deviation, and range of the above data.(b) Comment on the skewness of the above data. Explain your answer with the comparison of quartiles.The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021’s average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021’s monthly sales.(c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers.(d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average monthly…
- JOYFUL Fashion Company is reviewing the monthly sales in year 2021.The monthly sales (in millions) of each month were as below: Jan: $2.2 Feb: $2.5 Mar: $2.0 Apr: $2.8 May: $1.9 Jun: $0.9 Jul: $3.4 Aug: $3.7 Sep: $2.1 Oct: $2.5 Nov: $2.3 Dec: $4.6| The JOYFUL Fashion Company will issue a Gold Membership to customers with accumulated spending in January 2022 over 1% of 2021's average monthly sales and a Platinum Membership to customers with accumulated spending in January 2022 over 1% of the 80th percentile of 2021's monthly sales. (c) Mrs. Robinson has spent $27,450 in January 2022. Will she be qualified for the Gold Membership? Will she be qualified for the Platinum Membership? Explain your answers. (d) It is known that the average monthly sales from Jul 2020 to Dec 2020 were $1.9 millions. Find the average monthly sales from July 2020 to Dec 2021. (e) Are the JOYFUL Fashion Company sales increasing / decreasing? Explain your answer by comparing the half-yearly average monthly sales.…The estimated demand and supply curve for apples is displayed below. If the current price is $100/ton, is there currently a surplus or shortage in the market for apples? By how much? *A Paasche price index for each year.
- John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)Determine the Availability and downtime per yearThe marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R4 00 32 R 5.60 40 60 minutes R430 150 R 6.15 190 90 minutes R 4 60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following Determine the Paasche price index: O a) 149 492 Ob) 149.367
- Find a particular Integcal System. Dciginal Inhomageneous. for the %3DBelow is a table containing data on product demand for the most recent three months along with the forecasts that had been made for those three previous months. Calculate the MAPE. Month Demand Forecast 1 308 310 388 390 344 342 2.The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
