Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 04, 2024

10. The following table lists your company's sales during the last four years. Year 1 Year 2 Year S Year 4 Sales 100 110 105

10. The following table lists your company's sales during the last four years. Year 1 Year 2 Year S Year 4 Sales 100 110 105 120 a. A fellow manager points to the 15-unit increase between year 3 and year 4. Extrapolationg this trend, he predicts 135 units will be sold in the coming year (year 5). Do you agree? Explain. b. A second manager notes that annual sales increases have averaged (120 - 100) /3 = 6.67 units per year. Accordingly, his forecast for the coming year is 126.67 units sold. Do you agree with this prediction? Explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge International AS & A Level Mathematics Probability & Statistics 1 Coursebook

Authors: Dean Chalmers, Julian Gilbey

1st Edition

1108407307, 978-1108407304

Students also viewed these Economics questions

Question

★★★★★

The manager of Alpha Beta Funds is considering addition of the following stocks in his portfolio: a. Calculate the required rate of return for each stock. b. Assume that the assistant to the manager,...

Answered: 1 week ago

Question

★★★★★

What is the adjusted coefficient of determination and how is it computed?

Answered: 1 week ago

Question

★★★★★

Redwood Company sells craft kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Redwood, while others are purchased for resale. For the products it...

Answered: 1 week ago

Question

★★★★★

I want C++ CODE , & a different, unique and simplified solution with a screenshot of the output Write a complete C++ program for practicing pointer-based stack to check the braces balancing, check...

Answered: 1 week ago

Question

★★★★★

Suppose that the values of a smooth function f are known for x = -0.15,-0.1,0,0.1, 0.15 and 0.2. Given the following formulas for approximating f'(x) F') 11f(x) + 18f(x+h) 9f(x+2h) + 2f(x + 3h) (M1)...

Answered: 1 week ago

Question

★★★★★

6) However long the assembling step continues as typical, the throughput will just twofold in the event that they add extra hardware to deal with the additional heap of material. Past apparatus...

Answered: 1 week ago

Question

★★★★★

hello, read the case and answer the following question from the case. pleaee I need help to get answers not short answers please. Not too short not too long Facts of the Case: Supercleen Limited, a...

Answered: 1 week ago

Question

★★★★★

1. Identify the issue or issues being discussed in the video. 2. state the definition 3. Examine how the issue promoted in the video compares and contrasts with your understanding of the learning...

Answered: 1 week ago

Question

★★★★★

KPMG fined 3m for 'serious failings' in Conviviality audit KPMG has been fined 3m for failures during its audit of the Bargain Booze owner Conviviality and severely reprimanded in the latest blow to...

Answered: 1 week ago

Question

★★★★★

2 Y I ... and you're eager to begin swinging it around various axes, but you're not sure how big a motor you'll need to get the swinging performance you desire. The object has uniform density p, and...

Answered: 1 week ago

Previous Question Next Question