Following Are Forecasts of Worldwide Annual Cell Phone Handset Sales

question 7

Multiple Choice

Following are forecasts of worldwide annual cell phone handset sales. $$\begin{array} { | l | l | l | l | } \hline \text { Year } \boldsymbol { x } & 3 & 5 & 7 \\\hline \text { Sales } \boldsymbol { y } \text { (Millions) } & 500 & 600 & 800 \\\hline\end{array}$$ ( $$x = 3$$ represents 2003)
Obtain the associated regression line. (Round coefficients to 2 decimal places if necessary.) Use your regression equation to project the 2017 sales.

• A)1533.33
• B) 1523.33
• C) 1543.33
• D) 1547.33
• E) 1516.33

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Definitions:

Molding

The process of shaping a pliable raw material by using a rigid frame or model called a mold.

Assembly

The process of putting together various components or pieces to build a finished product.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to estimate the cost of manufacturing overhead for a specific activity base.

Machine-Hours

An indicator of the time spent in production, calculating the duration in hours that machinery is active during the manufacturing cycle.