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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.)

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