A manager uses the following equation to predict monthly receipts: Y _t = 40,000 + 150t. What is the forecast for July if t = 0 in April of this year? A)40,450 B)40,600 C)42,100 D)42,250 E)42,400

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Quizplus · Accepted Answer

The forecast for July is 40,450. The equation is Y _t = 40,000 + 150t, and t = 3 for July (since t = 0 in April). So, Y ₃ = 40,000 + 150(3) = 40,450.

A Manager Uses the Following Equation to Predict Monthly Receipts