Business, 06.03.2021 01:00 zlyzoh

Pilot Shop is a catalog business providing a wide variety of aviation products to pilots throughout the world. Maynard Shephard, the recently hired assistant controller, has been asked to develop a cost function to forecast shipping costs. The previous assistant controller had forecast shipping department costs each year by plotting cost data against direct labor hours for the most recent 12 months and visually fitting a straight line through the points. The results were not satisfactory. After discussions with the shipping department personnel, Maynard decided that shipping costs could be more closely related to the number of cartons shipped. He based his conclusion on the fact that 10 months ago, the shipping department added some automated equipment. Furthermore, he believes that using linear regression analysis will improve the forecasts of shipping costs. Cost data for the shipping department have been accumulated for the last 25 weeks. He ran two regression analyses of the data, one using direct labor hours, and one using the number of cartons shipped. The information from the two linear regressions follows: Regression 1 Regression 2
SC = 804.3 + 15.68DL SC = 642.9 + 3.92NR
R-squared 0.365 0.729
Standard error of the estimate 2.652 1.884
t-value 1.89 3.46

where:
SC = total shipping department costs DL = total direct labor-hours
NR = number of cartons shipped

Required
a. Identify which cost function (regression 1 or regression 2) Pilot Shop should adopt for forecasting total shipping department costs and explain why.
b. If Pilot Shop projects that 600 orders will be filled the coming week, calculate the total shipping depart- ment costs using the regression you selected in requirement a.
c. Explain two or three important limitations of the regression you selected in requirement a, and identify one or two ways to address the limitations. Specifically include in your discussion the effect, if any, of the global nature of Pilot Shop’s business.

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Answer from: Quest

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

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the answer is true. i do believe this is the answer because of the amount of wrecks people get into each year. if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.

Answer from: Quest

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

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