Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 3-7 (Algo) Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number Week Number 1 240

Problem 3-7 (Algo)

Freight car loadings over an 18-week period at a busy port are as follows:

Week Number Week Number Week Number
1 240 7 305 13 455
2 255 8 345 14 460
3 270 9 385 15 490
4 255 10 370 16 505
5 270 11 410 17 520
6 275 12 450 18 535

a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 2 decimal places.)

b. Use the above trend equation to predict expected loadings for Weeks 20 & 21. (Round your final answers to 2 decimal places.)

c. The manager intends to install new equipment when the volume exceeds 820 loadings per week. Assuming the current trend continues, in which week (at the earliest) should the loading volume reach that level? (Use the rounded answers, as required, from any previous part of this problem. Do not round any other intermediate calculations. Round your final answer to 2 decimal places.)

When I post the first time the answers you guys provide are incorrect and I'm posting the same question again.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Pain Management Workbook

Authors: Rachel Zoffness, Mark A. Schumacher

1st Edition

1684036445, 978-1684036448

More Books

Students also viewed these General Management questions

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago