Solved

The Following Table Shows the Sales Data of Server Computers

Question 13

Multiple Choice

The following table shows the sales data of server computers of Ziffcore Inc. for the past 5 years. The management plotted the data on a chart. The chart suggested that the sales appear to be increasing in a fairly predictable linear fashion and that the sales are related to time by a linear function
Y t =240+340t. Using simple linear regression, calculate the forecast for sales in year 6.
 Year  Sales 15802920312604160051940\begin{array} { | l | l | } \hline \text { Year } & \text { Sales } \\\hline 1 & 580 \\\hline 2 & 920 \\\hline 3 & 1260 \\\hline 4 & 1600 \\\hline 5 & 1940 \\\hline\end{array}


A) The forecast for sales in year 6 is more than 1800 but less than or equal to 2000.
B) The forecast for sales in year 6 is more than 2000 but less than or equal to 2200.
C) The forecast for sales in year 6 is more than 2200 but less than or equal to 2400.
D) The forecast for sales in year 6 is more than 2400 but less than or equal to 2600.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents