Silly Putty Inc

question 1

Multiple Choice

Silly Putty Inc. has had sales of $12 million, $17 million, and $16 million for each of the last three years. What would be the MAPE if the actual sales were $15 million using the naïve approach?

• A) 6.71 percent
• B) 5.73 percent
• C) −8.14 percent
• D) −6.67 percent

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Definitions:

Environmentally Adaptive Traits

Characteristics or behaviors that enhance an organism's ability to survive and reproduce in specific environmental conditions.

Charles Darwin

A 19th-century naturalist best known for his contributions to the science of evolution, indicating that all species of organisms arise and develop through the natural selection of small, inherited variations that increase the individual's ability to compete, survive, and reproduce.

Nature

The innate qualities and genetic factors that influence a person's characteristics and behaviors, as opposed to environmental influences.

Nurture

The influence of external factors like environment, education, and care on an individual's development.