[3] A national census is mandated by the Constitution of Pakistan to be held every ten...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
[3] A national census is mandated by the Constitution of Pakistan to be held every ten years. Ater the independence ot Pakıstan in 1947, the tirst census took place in 1951. Figure 1 reflects the increase in population of Pakistan during last four national census. The increase between 1972 and 2017 could be approximated by a linear function. If in 1972 the population was 65.309 million and as per the census data of 2017 the population was 207.774 million; a) Determine the estimation function P = f (t), where Pequals the population of Pakistan and t equals time measured in years since 1972. b) Interpret the slope and P intercept c) According to this function, what will be the estimated population of Pakistan in 2027 census? Census Data 250000000 200000000 150000000 100000000 50000000 1972 1981 1998 2017 Census Year Census Data Figure 1 Part – B: Marks [2] A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $85,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Noyan Selling Price (in dollars) Variable Cost/unit (in dollars) 35 26 24 16 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games? Population (approx) [3] A national census is mandated by the Constitution of Pakistan to be held every ten years. Ater the independence ot Pakıstan in 1947, the tirst census took place in 1951. Figure 1 reflects the increase in population of Pakistan during last four national census. The increase between 1972 and 2017 could be approximated by a linear function. If in 1972 the population was 65.309 million and as per the census data of 2017 the population was 207.774 million; a) Determine the estimation function P = f (t), where Pequals the population of Pakistan and t equals time measured in years since 1972. b) Interpret the slope and P intercept c) According to this function, what will be the estimated population of Pakistan in 2027 census? Census Data 250000000 200000000 150000000 100000000 50000000 1972 1981 1998 2017 Census Year Census Data Figure 1 Part – B: Marks [2] A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $85,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Noyan Selling Price (in dollars) Variable Cost/unit (in dollars) 35 26 24 16 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games? Population (approx)
Expert Answer:
Answer rating: 100% (QA)
Part A Part B a Product mix sold to break even Calcul... View the full answer
Related Book For
Statistics The Art and Science of Learning from Data
ISBN: 978-0321755940
3rd edition
Authors: Alan Agresti, Christine A. Franklin
Posted Date:
Students also viewed these mathematics questions
-
According to Census Bureau data, in 1998 the California population consisted of 50.7% whites, 6.6% blacks, 30.6% Hispanics, 10.8% Asians, and 1.3% other ethnic groups. Suppose that a random sample of...
-
The following changes took place last year in Herald Companys balance sheet accounts: Long-term investments that had cost the company $50 were sold during the year for $45, and land that had cost $30...
-
The following changes took place last year in Pavolik Companys balance sheet accounts: Long-term investments that had cost the company $ 6 were sold during the year for $ 16 and land that had cost $...
-
Perform the indicated operations and simplify the result. Leave your answer in factored form. X x - 3 x + 1 x2 + 5x 24
-
Construct a diagram to represent the subliminal messages experiment of Example 2.5.
-
What is the use of Kleins construction?
-
Motion Auto would like to assign the oldest costs of inventory items to its ending inventory. Which inventory costing method should Motion Auto choose?
-
Ariana Peterson recently opened her own law office, which she operates as a corporation. The name of the new entity is Ariana Peterson, Attorney. Peterson experienced the following events during the...
-
Prepare a statement of cash flows using the indirect method. NET SALES ABC CORPORATION INCOME STATEMENT FOR THE YEAR ENDED JUNE 30, 20X2 $468,000 312,000 $156,000 COST OF GOODS SOLD GROSS MARGIN...
-
Hook Industries is considering the replacement of one of its old drill presses. Three alternative replacement presses are under consideration. The relevant cash flows associated with each are shown...
-
Why do firefighters need to know what to expect on a call? Discuss.
-
What steps are frequently followed in managerial decision-making? What is the effect of variable and fixed costs on incremental analysis? What information is important when determining whether or not...
-
At the time of his death in 2 0 2 2 , Donald owned a farm ( a qualified, closely held business ) with a most suitable use value of $ 7 , 3 0 0 , 0 0 0 and a current use value of $ 5 , 1 1 0 , 0 0 0 ....
-
Morganton Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations: The budgeted selling price per unit is $ 7 0...
-
For a 20-year mortgage of $150,000 at 7% interest, one additional payment of $5,000 is paid on the mortgage after 2 years of making regular payments. How many monthly payments will be eliminated from...
-
How does the phenomenon of trophic cascades manifest within complex ecological networks, and what implications does it hold for ecosystem stability and biodiversity conservation ?
-
cd a b The following game is proposed to you. A fair coin will be tossed repeatedly until a tail appears (the first tail will end the game). The pot starts at 1 and is doubled every time a head...
-
Respond to the ethical judgments required based on the following scenarios. Scenario 1. Assume you have collected a sample using MUS and that you have evaluated that sample to calculate a total...
-
For the data in Example 14 on crime in Florida, the regression line between y = crime rate (number of crimes per 1000 people) and x = percentage living in an urban environment is = 24.5 + 0.56x. a....
-
The figure is a histogram of the standardized residuals for the regression of maximum bench press on number of 60-pound bench presses, for the high school female athletes. a. Which distribution does...
-
When the GSS recently asked subjects whether it should or should not be the governments responsibility to impose strict laws to make industry do less damage to the environment (variable GRNLAWS),...
-
How does electronic commerce differ from EDI? What are the implications of these differences to the control and auditability of a company?
-
A company involved in e-commerce would expect a firewall to do all of the following except: a. Intercept traffic that meets specific criteria and send the traffic back to the originator of the...
-
To obtain evidence that user identification and password control procedures are functioning as designed, an auditor would most likely a. Attempt to sign onto the system using invalid user...
Study smarter with the SolutionInn App