Temperance, Inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis: Temperance is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
A) $159,500.
B) $162,000.
C) $164,900.
D) $167,400.
E) None of the other answers is correct.

Question

Temperance, Inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis:  Temperance is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
A) $159,500. 
B) $162,000. 
C) $164,900. 
D) $167,400. 
E) None of the other answers is correct.

Quizplus · Accepted Answer

The Answer of Temperance, Inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis:  Temperance is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
A) $159,500. 
B) $162,000. 
C) $164,900. 
D) $167,400. 
E) None of the other answers is correct.