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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

  1. Develop a linear trend line for the data. (Round your answers to 2 decimal places, e.g.,25.28.) Sales = ______________ + ______________________ (month)
  2. 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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