January 2018
Intermediate to advanced
480 pages
236h 9m
English
book
Operations Management: Processes and Supply Chains, 12th Edition
by Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
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Solved Problem 1
Chicken Palace periodically offers carryout five-piece chicken dinners at special prices. Let Y be the number of dinners sold and X be the price. Based on the historical observations and calculations in the following table, determine the regression equation, correlation coefficient, and coefficient of determination. How many dinners can Chicken Palace expect to sell at $3.00 each?
Observation
Price (X)
Dinners Sold (Y)
1
$2.70
760
2
$3.50
510
3
$2.00
980
4
$4.20
250
5
$3.10
320
6
$4.05
480
Total
$19.55
3,300
Average
$3.258
550
Solution
We use the computer (Regression Analysis Solver of OM Explorer or Regression Projector module of POM for Windows) to calculate the best values of a, b, the correlation ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.