Solution
For product X
The data clearly shows that, price has dropped from Rs. 10 per piece to Rs. 5; quantity
demanded has also dropped from 15 units to 10 units. Considering the formula mentioned
below:
Price elasticity of demand = (Q2 Q1)/ (P2 P1) = (1

Question 1
Step 1
Population= Road-rage incidents that occurred
Step2= Data (O= Observed number of accidents)
Day
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
SUM
Observed
5
12
11
12
18
6
6
70
Step 3 Hypothesis statement
HO: The number of acci

BUS-640 Week 6 Assignment 1 Time Series
1. The number of fishing rods selling each day are given below. Perform a
(a) 3 day moving average analysis
(b) 4 day moving average analysis
(c) 3 day weighted moving average analysis with weights w1=0.2, w2=0.3 an

1. Accounting prots are:
A. total revenue minus total cost.
B. total cost minus total revenue.
C. marginal revenue minus total cost.
I). total revenue minus marginal cost.
2. Which otthe following is an implicit cost to. a rm that produces a good or servi