Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
3. Sun Computer workstations gathered average monthly sales gures from its56 branch oces and dealership across the country and estimated the followingdemand (sales) for its product:Q = 15000 ô€€€ 2:5P + 150A + 0:3Ppc + 0:35Pm + 0:2Pc(2:87) (ô€€€2:17) (0:67) (2:5) (2:06) (1:54)Adjusted R2 = 0:68 and standard error of the whole model, Se = 786: Numbersin the parenthesis are t-statistics. The variables and their assumed values are:Q=Quantity, P=Price of a workstation=7000, A=Advertising expenditures (inthousands)=52, Ppc=Average price of a personal computer=4000, Pm=Averageprice of a minicomputer=15000, Pc=Average price of a leading competitor’sworkstation=8000a. Which of the variables are statistically signicant at the 5 %level (or %95condence level)?b. Compute the price elasticity and advertising elasticity. Interpret each one.c. What is the predicted range of demand for Sun workstations with 95 percentcondence level.d. You have become concerned that the rm’s sales are currently lower thanthe prot maximizing level, given the marginal cost of $1500 per workstation.Control whether your concern is valid and suggest a new pricing strategy: (in-crease/decrease/no change) the current price!
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more