Following sample information. The X column indicates the number of client contacts last month and the Y column shows the value of sales ($ thousands) last month for each client sampled. Number of Contacts, x Sales ($ thousands),y Number of Contacts, x Sales ($ thousands),y 14 24 23 30 12 14 48 90 20 28 50 85 16 30 55 120 46 80 50 110 Determine the standard error of estimate. (Round your answer to 2 decimal places.) Determine the coefficient of determination. (Round your answer to 2 decimal places.)

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Because the demand for wheat tends to be inelastic. true or false