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@@@@@@@@@@@@@@@$$$$$$#########@@ Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown.
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Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past 24 months. This is shown.
Month | Sales | Month | Sales | Month | Sales |
---|---|---|---|---|---|
1 | 246 | 9 | 316 | 17 | 370 |
2 | 242 | 10 | 342 | 18 | 371 |
3 | 264 | 11 | 342 | 19 | 366 |
4 | 256 | 12 | 360 | 20 | 388 |
5 | 269 | 13 | 345 | 21 | 384 |
6 | 272 | 14 | 358 | 22 | 398 |
7 | 387 | 15 | 379 | 23 | 399 |
8 | 308 | 16 | 365 | 24 | 406 |
- Develop a linear trend line for the data. (Round your answers to 2 decimal places, e.g.,25.28.) Sales = ______________ + ______________________ (month)
- Compute a correlation coefficient for the data and evaluate the strength of the linear relationship. (Round your answer to 2 decimal places, the tolerance is +/-0.01.) Correlation coefficient is __________________ . It indicates ___________ linear relationship. (Use not rounded amounts to answer this question.)
- Using the linear trend line equation, develop a forecast for the next period,month 25. (Round your answer to 2 decimal places, the tolerance is +/-0.01. Do not round intermediate results used to achieve this answer.) Forecast for month 25 = __________________________________
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