A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation Ŷ = 50,000 – 8X The above equation implies that an 

Question 1:   Choose 2 out of the 3 questions to answer. Limit each response to a maximum of 5 sentences—anything beyond that is too much! If you answer all 3 questions without indicating which two you want graded, only the first two responses will be evaluated. A. A newsvendor keeps careful records of the number of papers he sells each day and the various costs that are relevant to his decision regarding the optimal number of newspapers to purchase. For what reason might his results be inaccurate? What would he need to do in order to accurately measure the daily demand for newspapers? B. What is the interpretation of safety stock in practical settings? What is the interpretation of safety stock for modeling purposes in lot-size-reorder-point (q,r) systems? C. Consider two products with the same margin carried by a retail store. Any leftover units of one product are worthless. Leftover units of the other product can be sold to outlet stores. Which product should have a higher level of availability? Why?

In a study of foreign bank holdings in the US banks, year-end shares of assets in the US bank subsidiaries held by foreigners (as a percentage of total assets) was related to: X1 = Annual change in billions of dollars, in foreign direct investment in the US (excluding finance, insurance, and real estate);X2 = Bank price – earnings ratio;X3 = Index of exchange value of the dollar. The regression results from the sample data gave the following population parameter estimates: constant = -3.248b1 = .101 b2 = -.244 b3 = .057 R2 = .93 What is the estimate year-end share of assets in the US bank held by foreigners for a particular year if the annual change in the foreign direct investment in the US (excluding finance, insurance, and real estate) was $50 billion, the bank price-earnings was 12, and the index of exchange value of the dollar was 175?

Assuming a normal distribution which of the following is not true.

A textile company has six dye making machines. From historical records, the company’s production manager estimates that the following are the probabilities of how many machines typically break down during any three months: # of Machine Breakdowns Probability 0 2% 1 12% 2 15% 3 28% 4 27% 5 13% 6 3% What is the expected number of machines breaking down over any three month period?

A 95% confidence interval for dollars spent on back-to-school supplies for one elementary student is $18 to $32.  This can be interpreted to mean:

A disadvantage of using arithmetic mean to summarize a set of data is that _________.

Compute the missing information. (3 points. Please write positive value as $xx,xxx and negative value as -$xx,xxx) Salaries Payable Jan 1, Year 2   $175 Salary Expense for year 2   ? Payments to Salaried Employees during year 2   $725 Salaries Payable Dec 31, year 2   $100

Why is depreciation expense added back to net income in the operating section of the indirect cash flow statement? (2 points)

What is the ending balance of cash as of March 31st, Year 3? (4 points)