Can you please answer questions 1-5 and explain how you got the answer please! t
ID: 3127062 • Letter: C
Question
Can you please answer questions 1-5 and explain how you got the answer please!
thank you!
4. Did True Orchard break even this season? Remember that each fee of $50. 5. Assume that 900 families join the club next year, and that prices sion equation, how many orders, on average, must True orchard 6. For the number of orders calculated in requirements, calculate True Orchards' high-low method. Comment on your results. embership each of the families paid a seasonal mem and costs do not change. Using the reg receive each week to break even. estimated profit using the 8-28 High-low method: regression analysis. (CIM manager at the local Players Theateris checking to see if there is any relationship ing and sales revenues the theater. She obtains the following data for the at past 10 months , adapted Tina Reese financial between newspaper advertis Month Revenues Advertising costs March $28,000 $2,000 April 73,000 3,000 May 58,000 1,500 June 65,000 3,500 July 55,000 1,000Explanation / Answer
Here Cause is advertising costs and effect is revenues
slope of regression line= 10.76
Use the given R function to get the plot and the regression line
r=c(28000,73000,58000,65000,55000,65000,45000,85000,55000,60000)
ac=c(2000,3000,1500,3500,1000,2000,1500,4000,2300,2500)
plot(r,ac)
z<-lm(r~ac)
summary(z)
abline(z, lwd=2)