2 As Part Of A Study For The Department Of Labour Statistics You Are Assigned The Task Of Evaluating The Improvement I 1 (36.63 KiB) Viewed 12 times
2 As Part Of A Study For The Department Of Labour Statistics You Are Assigned The Task Of Evaluating The Improvement I 2 (36.63 KiB) Viewed 12 times
2 As Part Of A Study For The Department Of Labour Statistics You Are Assigned The Task Of Evaluating The Improvement I 3 (19.97 KiB) Viewed 12 times
2. As part of a study for the Department of Labour Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity using the following costs: Labour: GhC8 per hour; Capital: 0.83% per month of investment; Energy: GhC0.60 per BTU. Monthly Average Last Year 1500 Production (dozen) Labor (hours) 350 Capital Investment (GhC) 15000 Energy (BTU) 3000 This Year 1500 325 18000 2750 a. Compute the multifactor productivity for last year (8 Marks) b. Compute the multifactor productivity for this year (8 Marks) c. Determine the rate of increase or decrease between the years. (6 Marks)
1. Use the sales data given below to determine: (a) the least squares trend line equation and (b) the predicted sales for 2013, 2014, 2015 and 2016. Year 2006 2007 2008 2009 2010 2011 2012 Sales (Units) 100 110 122 130 139 152 164 To minimize computations, transform the value of x (time) to simpler numbers. In this case, designate year 2006 as year 1, 2007 as year 2, etc.
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