Consider the regression equation = 6.04 + 0.10(t)and the data below. Compute the predicted value of sales for period 8.
A)48.42
B)14.04
C)6.75
D)6.84

Name: Consider the regression equation = 6.04 + 0.10(t)and the data below. Compute the predicted value of sales for period 8. A)48.42 B)14.04 C)6.75 D)6.84
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Question

Consider the regression equation  = 6.04 + 0.10(t)and the data below.  Compute the predicted value of sales for period 8.
A)48.42 
B)14.04 
C)6.75 
D)6.84

Quizplus · Accepted Answer

Plug in t=8 into the equation:
Sales = 6.04 + 0.10(8) = 6.84.
Therefore, the predicted value of sales for period 8 is 6.84.

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