Question $12(5$ points$)$

Compute the multifactor productivity measure for an seven$-$hour day in which the

usable output was $4,980$ units, produced by $4$ workers who used $650$ pounds of

materials. Workers have an hourly wage of $$23,$ and material cost is $$1\mathrm{.}46$ per

pound. Overhead is $1\mathrm{.}6$ times lapor cost.

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Answer

Question $13(5$ points$)$

A regression forecasting model has an intercept of $1,114,$ a slope of $27\mathrm{.}4,$ and a

correlation coefficient of $0\mathrm{.}86.$ Compute the forecast for period $11.$ That is $F_{11}.$

Your Answer: