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A carnival runs for a number of days in the summer. Attendance tends to follow a seasonal pattern corresponding to the day number. Using four
A carnival runs for a number of days in the summer. Attendance tends to follow a seasonal pattern corresponding to the day number. Using four years of past attendance data, average seasonal indexes have been calculated for each of the carnival days (see table, below):
Day | Avg Seasonal Index |
1 | 0.49 |
2 | 0.67 |
3 | 1.44 |
4 | 0.78 |
5 | 1.62 |
If TOTAL carnival attendance for next year is forecast to be 90,000, then what will be the forecast for attendance on Day 3?
a.
between 15,000 and 20,000
b.
less than 15,000
c.
between 25,000 and 30,000
d.
between 20,000 and 25,000
e.
more than 30,000
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