Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month Machine Hours Electricity Costs January 2,000 $ 18,950 February 2,400 $ 22,100 March 1,400 $ 14,050 April 2,600 $ 24,100 May 3,300 $ 28,800 June 2,800 $ 23,100 July 3,600 $ 25,300 August 3,000 $ 23,300 September 1,500 $ 16,600 October 3,200 $ 27,100 November 4,200 $ 32,100 December 3,700 $ 28,300 Summary Output Regression Statistics Multiple R 0.960 R Square 0.921 Adjusted R2 0.913 Standard Error 1,545.17 Observations 12.00 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 7,465.99 1,566.61 4.77 0.00 3,975.37 10,956.62 Machine Hours 5.76 0.53 10.78 0.00 4.57 6.95 If the controller uses the high-low method to estimate costs, the cost equation for electricity costs is: (Round intermediate calculations to 2 decimal places.)

Answers

Answer 1

Answer:

If the controller uses the high-low method to estimate costs, the cost equation for electricity costs is "Total cost = $5,010 + ($6.45 * Machine hours)".

Step-by-step explanation:

Note: The data needed to estimate costs using the high-low method is merged together. It is therefore sorted before answering the question as follows:

Month          Machine Hours          Electricity Costs

January              2,000                           $18,950

February            2,400                           $22,100

March                 1,400                            $14,050

April                   2,600                            $24,100

May                    3,300                            $28,800

June                   2,800                           $23,100

July                    3,600                            $25,300

August               3,000                            $23,300

September         1,500                             $16,600

October             3,200                             $27,100

November         4,200                             $32,100

December         3,700                             $28,300

The explanation of the answer is now provided as follows:

Step 1: Calculation of variable cost per hour

From the data above, the highest Machine Hours and Electricity Costs occur in November, while the lowest occur in March. Therefore, we have:

Variable cost per hour = (Highest Electricity Costs - Lowest Electricity Costs) / (Highest Machine Hours - Lowest Machine Hours = ($32,100 - $14,050) / (4,200 – 1,400) = $18,050 / $2,800 = 6.44642857142857

Rounding to 2 decimal places as required, we have:

Variable cost per hour = $6.45

Therefore, the variable-cost components using the high-low method is $6.45.

Step 2: Calculation of total fixed cost

The formula for calculating the total cost is given as follows:

Total cost = Total Fixed Cost + Total Variable Cost ................. (1)

Where;

Total Variable Cost = Variable cost per hour * Machine hours at a particular Electricity Costs

Using highest levels of activity and substitute into equation (1), we have:

$32,100 = Total Fixed Cost + ($6.45 * 4,200)

Total Fixed Cost = $32,100 - ($6.45 * 4,200) = $32,100 - $27,090 = $5,010

Therefore, the fixed-cost components using the high-low method is $5,010.

Step 3: Derivation of the cost equation for electricity costs

The cost equation for electricity costs can be obtained based on the total cost function given in equation (1) above, where:

Total Fixed Cost = $5,010

Total Variable Cost = Variable cost per hour * Machine hours = $6.45 * Machine hours

Substituting the values into equation (1), we have:

Total cost = $5,010 + ($6.45 * Machine hours)

Therefore, if the controller uses the high-low method to estimate costs, the cost equation for electricity costs is "Total cost = $5,010 + ($6.45 * Machine hours)".


Related Questions

how to write 1/4z-1/3-1/7z^2 in az^2+bz

Answers

Answer:

huh?nani?

ksjn

lsjsmskkks

Which of the following properties is always true for a parallelogram?
A. Diagonals bisect each other
B. Diagonals are perpendicular
C. Diagonals are congruent
D. Diagonals bisect opposite angles

Answers

Answer:

c. is always true

Step-by-step explanation:

8x+5x^3-5 write polynomial in standard form, Then name the polynomial based on the degree and number of terms

Answers

Answer:

wag na baka imyday mo pa

Step-by-step explanation:

hahahahahahahahahahahahahahahahahaahhaahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahhahahahah ahahahahahahaha ahahahahahahaha ahahahahahahaha hahahahahah ahahahahahahaha

n x 5 = I'm very Smart *wink wink* I could just search it up I'm not gonna though okay

Answers

Answer:

5n

Step-by-step explanation:

If the complex number x = 3 + bi and |x|2 = 13, which is a possible value of b?
2
4
9
10

Answers

Answer:

A: 2

Step-by-step explanation:

EDGE 2021

Considering that the magnitude of the complex number x is of 13, a possible value of b is of 2.

What is a complex number?

A complex number is modeled by:

z = a + bi.

In which:

a is the real part.b is the imaginary part.

In this problem, the number is:

x = 3 + bi.

It's magnitude is given by:

[tex]|x| = \sqrt{3^2 + b^2}[/tex]

Then:

[tex]\sqrt{3^2 + b^2} = \sqrt{13}[/tex]

[tex]3^2 + b^2 = 13[/tex]

[tex]b = \pm \sqrt{4}[/tex]

[tex]b = \pm 2[/tex]

A possible value of b is of 2.

More can be learned about complex numbers at https://brainly.com/question/25572463

#SPJ2

In one of ADNOC's onshore stations in the United Arab Emirates, oil is extracted and stored in large cylindrical tanks. If one of the tanks is 30
meters deep and 20 meters in diameter, find the Volume of the tank, use 3.14 for
(show your work)

Answers

Answer: 9420meters³

Step-by-step explanation:

The formula to calculate the volume of the cylindrical tank will be:

= πr²h.

where,

π = 3.14

r = radius = diameter/2 = 20/2 = 10

h = height = 30

Volume = πr²h

= 3.14 × 10² × 30

= 3.14 × 100 × 30

= 9420meters³

Jollys scores for the first 3 quarters of the school year were 82, 94, and 88. ahe wants to get an average of 90 for this year. What must her 4th quarter score be?​

Answers

Answer:

96

Step-by-step explanation:

You add the scores, add 96, divide by 4 and you get 90.

You have found the following ages (in years) of 4 tigers. The tigers are randomly selected from the 31 tigers
at your local zoo:
22, 13, 18, 16
Based on your sample, what is the average age of the tigers? What is the estimated variance of the ages?
You may round your answers to the nearest tenth.
Average age:
years old
Variance:
years

Answers

average age of the 4 tigers is 17
add all the ages 22,13,18,16 and divide by

The average number is 17.25. The variance is 14.24.

What are the mean and variance?

Variance is the anticipated squared variation of a random variable from its population mean or sample mean in probability theory and statistics. Variance is a measure of dispersion, or how far apart from the mean a group of data is from one another.

Given that the tigers are randomly selected from the 31 tigers at your local zoo:

22, 13, 18, 16

Mean = ( 22 + 13 + 18 + 16 ) / 4  

Mean = 17.25

Variance = ∑(x - xm ) / n - 1

Variance = [( 22 - 17.25)² + ( 13 - 17.25 )² + ( 18 - 17.25 )² + ( 16 - 17.25 )²] / 4 - 1

Variance = ( 18.06 + 0.5625 + 1.5625 +22.56) / 3

Variance = 14.24

Therefore, the average number is 17.25. The variance is 14.24.

To know more about mean and variance follow

https://brainly.com/question/25639778

#SPJ2

What transformation takes the graph of g(x) = x2 – 5 to the graph of
h (x) = x² – 1

Answers

Answer:

We need the following translation: [tex]h(x) = g(x) +4[/tex]

Step-by-step explanation:

To transform [tex]g(x)[/tex] into [tex]h(x)[/tex], we need must apply the following translation:

[tex]h(x) = g(x) +4[/tex] (1)

If we know that [tex]g(x) = x^{2} -5[/tex], then the expression of [tex]h(x)[/tex] is:

[tex]h(x) = x^{2}-5 +4[/tex]

[tex]h(x) = x^{2}-1[/tex] (2)

Which demonstrates the affirmation.

Help me pls! this is due tonite . I'm doing a ged practice test and I just have a few questions I haven't answered


When 36x⁴ + 12x⁸ is divided by 12x⁴ the result is:

A) 3+12x8
B)3+x⁴
C)3x+x² ​

Answers

Answer:

Step-by-step explanation:

36x⁴ /12x⁴ + 12x⁸ / 12x⁴

3x+x²

Which of the following is a characteristic of all parallelograms?


Answers

Answer:

The opposite sides are always parallel.

7. If it takes 2 gardeners 6 hours to landscape a garden, how long would
it take 3 gardeners?
Enter your answer

Question 7 is an example of...

Direct proportion
Inverse proportion​

Answers

Answer:

it will take 12 hours

Step-by-step expl

I am in need of help please.​

Answers

Answer:

80 ft

Step-by-step explanation:

i dont really know if this is the right answer plz tell me if im wrong

Which expression is equivalent to (xy^-6)^2 for all values of x and y where the expression is defined?
A. xy^-36
B. xy^ 36
C. x^2y^ -12
D. x^2y^ 12

Answers

Answer:

C.

First, you square the x because it is inside the parentheses. Then, you multiply the -6 by 2, to get your exponent of -12 for the y.

Answer:

[tex] \huge \boxed{ \boxed{ \mathbb{C)} {x}^{2} {y}^{ - 12} }}[/tex]

Step-by-step explanation:

to understand thisyou need to know about:law of exponentPEMDAStips and formulas:[tex] \sf( {x}^{m} {)}^{n} < = > {x}^{mn} [/tex][tex] \sf x < = > {x}^{1} [/tex]let's solve:

[tex] step - 1 : define[/tex]

[tex] {(xy}^{ - 6} ) ^{2} [/tex]

[tex] \sf \: use \: 1st \: and \: 2nd \: formula : \\ ( {x}^{1 \times 2} {y}^{ - 6 \times 2} )[/tex][tex] \sf simplify : \\ {x}^{2} {y}^{ - 12} [/tex]

In the figure below ∠APE and ∠EPD are congruent.

What is the arc measure of minor arc AC on circle P in degrees

Answers

Answer:

minor arc AC = 150 degrees

Step-by-step explanation:

minor arc AC = 360-136-74 = 150 degrees

Answer: 150

Step-by-step explanation: Khan Academy

On Monday Mrs. Wise bought 3 lbs of apples at $4 per lb. On Tuesday, apples were on sale for 20% off so she bought another 5 lbs. What was the price of apples on Monday?

Answers

Answer:

$12 on Monday

$16 on Tuesday

$28 in total

Step-by-step explanation:

Multiply the number of pounds by the cost per pound on Monday:

3 * 4 = $12 on Monday

If you want to find the price on Tuesday as well (I know it doesn't ask for it) you can calculate 20% of 4 by multiplying:

4 * 0.2 = 0.80

Next, subtract the 20% from the normal price:

4 = 0.80 = 3.20

Finally, multiply the discounted price by the number of pounds she bought:

3.20 * 5 =  $16 on Tuesday

You can find the total of both Monday and Tuesday by adding the two together:

12 + 16 = $28.00 in total

Distribute. 8(x+30)+5

Answers

Answer:

8x + 245

Step-by-step explanation:

8(x + 30) + 5

8x + 240 +5

8x + 245

good luck, i hope this helps :)

Answer 1 and 2 please.

Answers

Answer:

Give me the questions and I'll edit my answer

Step-by-step explanation:

Answer:

what the question then I'll edit answer ;-;

Step-by-step explanation:

Write this number in scientific notation 56,023,987​

Answers

5.6023987 x 10^7 :)
hope that helps
Sorry I can’t help one this one


-4x-2y=-12
4x+8y=-24
solve it by elimation​

Answers

Answer:

(x, y) = (6, -6)

Step-by-step explanation:

The answer is x = 6, y = -6

Please help me please!

Answers

Answer:

D) cannot factor

Step-by-step explanation:

D) cannot factor

D: cannot factor

it’s not factorable

The safety officers of a mining company take an SRS of 500500500 employees and finds that 15\, percent of the sampled employees wear contact lenses. The safety officers may take several more samples like this. Suppose it is really 12\, percent of the approximately 34{,}00034,00034, comma, 000 employees in the company who wear contact lenses. What are the mean and standard deviation of the sampling distribution of the proportion of employees who wear contact lenses

Answers

Answer:

The mean of the sampling distribution of the proportion of employees who wear contact lenses is 0.12 and the standard deviation is 0.0145.

Step-by-step explanation:

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

12% of the employees wear contact lenses.

This means that [tex]p = 0.12[/tex]

Samples of 500:

This means that [tex]n = 500[/tex]

What are the mean and standard deviation of the sampling distribution of the proportion of employees who wear contact lenses?

Mean:

[tex]\mu = p = 0.12[/tex]

Standard deviation:

[tex]s = \sqrt{\frac{p(1-p)}{n}} = \sqrt{\frac{0.12*0.88}{500}} = 0.0145[/tex]

The mean of the sampling distribution of the proportion of employees who wear contact lenses is 0.12 and the standard deviation is 0.0145.

WILL MARK BRAINLEST PLS HELP ME Find the area of the circle. Round to the nearest tenth. Use 3.14 for it.
32 m
The area of the circle is about
m2.

Answers

Answer:

[tex]804.3m^2[/tex]

[tex]\pi *16^2=804.24772[/tex]

Two parallel lines are cut by a transversal as shown below.
Suppose m 2 8 = 132º. Find m Z1 and m 2 3.
2.
4
3
5
6
8
8
7

Answers

Answer:

∠1 = ∠3 = 48

Step-by-step explanation:

∠8 = 132

∠4 = ∠8     {Corresponding angles}

∠4 = 132

∠1 +∠4 = 180            {Linear pair}

∠1 + 132 = 180

       ∠1 = 180 - 132

      ∠1 = 48

∠3 = ∠1         {Vertically opposite angles}

∠3 = 48

Then solve this what I get?
A -1
B 2
C 1
D -2​

Answers

Answer:

-1

Step-by-step explanation:

Mary has two sisters. Her younger sister is 5 years younger Her older
sister is twice her age. Their ages add up to 47. How dd is Mary and each
of her sisters?

Answers

Older sister is 26, Mary is 13, and younger sister is 8.
Explanation:
26 + 13 + 8 = 47
If the older sister is 26, then Mary is half that, meaning: 26/2 = 13
Mary is 13, and her younger sister is 5 years younger so: 13-5 = 8
Her younger sister is 8.
To double check, add up the ages and see if you get 47.
26 (older sister) + 13 (Mary) + 8 (younger sister) = 47

find the sequence, i need help please

Answers

4over 2 I think

Step by step explanation
I think its 5/2 ...

7.4: How do You Know?


Explain how you know these two figures are similar.
WILL GIVE BRAINLIST

Answers

Answer:

The one on the right is 25 percent smaller then the one on the left. They have he same angle measures.  The line lengths are just different.

Step-by-step explanation:

Hope this helps.

In ΔRST, the measure of ∠T=90°, the measure of ∠S=16°, and ST = 2.9 feet. Find the length of TR to the nearest tenth of a foot.

Answers

Answer:

0.8

Step-by-step explanation:

A farmer sells 8.9 kilograms of apples and pears at the farmer's market. 3/5 of this weight is apples, and the rest is pears. How many kilograms of pears did she sell at the farmer's market?

Answers

3.56 kilograms of pears.

3/5 of 8.9 is 5.34
8.9 - 5.34 = 3.56
Other Questions
Minorities are less likely than European Americans to live in physically, environmentally, or intellectually impoverishedenvironments. You're a contestant on a TV gameshow where you must choose between four identical looking suitcases containing $100, $100, $300, and $400. You start by randomly picking one suitcase. The host then opens the remaining suitcase with the lowest dollar amount. Now, you have the choice to keep your current suitcase or switch to one of the two remaining suitcases. With probability p= 0.7, you keep your original suitcase and open it. Otherwise, you are equally likely to choose either of two the remaining suitcases and open it. You win the money in the suitcase you opened. Consider these events: Ai is the event that the first suitcase you choose is worth i dollars. Hi is the event that the host opens a suitcase worth i dollars. Wi is the event that you win i dollars. If you play this game five times, the probability that the event W400 occurs twice in five trials is:_______ Which of these does sound travel fastest through?O steelO waterO airO Sound travels the same speed through all mediums. Miguel is posting photos on a school website. He has 48 photos, and he is allowed to use 12 pages. He wants to put the same number of photos, p, on each page.1.) 48p = 122.) 12 + p = 483.) 12p = 484.) 48 = p - 12 What is the rate of return when 30 shares of StockA, purchased for $15/share, are sold for $480? Thecommission on the sale is $6.Rate of Return = [?] %Give your answer as a percent rounded to thenearest tenth Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $2,512,000, or it can make annual payments of $289,600 for 15 years, each payment due on the last day of the year. Click here to view factor tables Which method of payment do you recommend, assuming an expected effective interest rate of 8% during the future period Determine whether each observation generally corresponds to a physical change or a chemical change. A liquid freezes into a solid. _________ Bubbles are produced upon mixing two solutions. __________ A precipitate is formed from two solutions. _________ A solution heats up upon mixing with another. ____________ A solid dissolves into water. __________ The color of a substance changes over time PLEASE HELP MEE EVERYONE IS WASTING MY POINTs PLEASE Where are the coordinates of point A on the coordinates grid below Why is civic participation (obligations and responsibilities) both voluntary and required, so important? - In Society? - In Government? - In the Political Process? Remember this is your opinion, there is no "wrong" answer. PLEASE WRITE MORE THAN 4 SENTANCES.! TYSMGIVING 20 POINTS did you drink your water today? did you eat? did you look in the mirror and remember how precious, beautiful(yes the boys too), and loved you are? did you remember that someone cares for you no matter what, even me, who doesn't even care for myself and has done none of the things above, except feel sympathy for someone on the internet who is alone and sad? What happens when an object becomes cold? Energy is added to it.Mass is removed from it.Cold is added to it.Heat is removed from it. maths :How much time will a 500 m long train take to cross a tree if it is moving at a speed of 72(Hint: Take the length of the train as the distance.) How many hours pls help. Local winds can be caused by______heating of the earth's surface.equalgroundunevensuper Forces that shaped Early Texas, Before Texas-Spanish Invasions and Indigenous Resistance. How did it changed Texas Culture. essay pls help i dont really understand thx i will give you 40 points pls Every short story you read requires a tremendous amount of research on its historical and cultural context.A. Completely trueeveryone should be researched thoroughly.B. Mostly truesome may need less than others, but ultimately some attention should be paid.C. Somewhat falsea reader can get away with not researching fairly often.D. Completely falseany story can stand on its own without any research. What percent of 31 is 48 if necessary round your answer to the nearest hundredth of percent aNoThEr qUeStiOn tO bRiNg mY gRaDeS uP // Ill mark brainliest ^^ During the process of synaptic pruning: