Question: A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It
A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It has determined that this proportion depend on the number of business days since the checks were distributed. The estimate proportions are given below: Business Days Since Distribution of Dollars Expected to Clear 1 16% 30% b5% 13 4 20% 10% Total 100% $700,000 in checks is distributed on Thursday April 8, can you make a schedule according to which the checks are estimated to clear Date Business Days After Distribution Day of the Week Percentage of Dollars Forecast of Dollars Clearing Clearing 15% Is 30% 11 12 April April 12 April 13 April 10 3 Friday Monday Tuesday Wednesday Thursday 25 4 20% on 15 10 Tota 100% A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It has determined that this proportion depend on the number of business days since the checks were distributed. The estimate proportions are given below: Business Days Since Distribution of Dollars Expected to Clear 1 16% 30% b5% 13 4 20% 10% Total 100% $700,000 in checks is distributed on Thursday April 8, can you make a schedule according to which the checks are estimated to clear Date Business Days After Distribution Day of the Week Percentage of Dollars Forecast of Dollars Clearing Clearing 15% Is 30% 11 12 April April 12 April 13 April 10 3 Friday Monday Tuesday Wednesday Thursday 25 4 20% on 15 10 Tota 100%
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