The following linear trend equation was developed for annual sales from 2005 to 2009, with 2005 as the base year. = 500 + 60t (in $thousands). What are the estimated sales for 2010 (in $thousands)?
A) $500
B) $860
C) $1,040
D) $1,100

Question

The following linear trend equation was developed for annual sales from 2005 to 2009, with 2005 as the base year.  = 500 + 60t (in $thousands). What are the estimated sales for 2010 (in $thousands)?
A) $500 
B) $860 
C) $1,040 
D) $1,100

Quizplus · Accepted Answer

The Answer of The following linear trend equation was developed for annual sales from 2005 to 2009, with 2005 as the base year.  = 500 + 60t (in $thousands). What are the estimated sales for 2010 (in $thousands)?
A) $500 
B) $860 
C) $1,040 
D) $1,100

The Following Linear Trend Equation Was Developed for Annual Sales