Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A cosmetics manufacturers marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot
A cosmetics manufacturers marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft = 90 + 16t Where Ft = Annual sales (000 bottles) t is in years (All answers should be expressed in units and not thousands of units.)
a. Are annual sales increasing or decreasing? By how much?
b. Predict annual sales for year 8 using the equation.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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