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##### Using the least-squares regression results, calculate the store?s expected operating cost if it prints 625 jerseys

**Description**

solution

**Question**

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie?s prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company?s biggest source of revenue.;A portion of Leslie?s operating information for the company?s last year follows;Month Number of;Jerseys Printed Operating;Cost;January 215 $ 5,500;February 210 5,740;March 380 5,800;April 625 8,675;May 750 9,000;June 630 9,760;July 400 6,200;August 350 6,155;September 300 5,980;October 330 6,010;November 200 4,950;December 150 4,500;Required;3.;Using the high-low method, calculate the store?s total fixed operating costs and variable operating cost per jersey. (Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.);4.;Using the high-low method results, calculate the store?s expected operating cost if it printed 480 jerseys. (Round your answer to the nearest whole number.);5.;Perform a least-squares regression analysis on Leslie?s data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.);6. Using the regression output, create a linear equation (y = a + bx) for estimating Leslie?s operating costs. (Round your answers to 2 decimal places.);7. Using the least-squares regression results, calculate the store?s expected operating cost if it prints 625 jerseys. (Round your intermediate calculations and final answer to 2 decimal places.);Min Pages: 1;Level of Detail: Show all work;Other Requirements: I just need to know the answers from questions 5,6 y 7;I did a regression analysis and according to my homework software they are wrong.;Here is what I've got.;For questions #5: I need to know the;a) Intercept: My answer was 3,326.40;b) X variable: My answer was 8.36;both are marked as wrong;For questions #6;I need to know the total cost;TOTAL COST =$______+_______Jerseys;(my answer 3326.40+8.65) they are wrong;for number #7;I need to know to the total cost;which I did 3326.40+8.36*625;The result came out wrong.

Paper#24130 | Written in 18-Jul-2015

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