The Following Linear Trend Equation Was Developed for Annual Sales

question 90

Multiple Choice

The following linear trend equation was developed for annual sales from 1995 to 2001 with 1995 the
Base or zero year. ŷ = 500 + 60t ($000) . What are the estimated sales for 2005 ($000) ?

• A) $500
• B) $560
• C) $600
• D) $1,040
• E) $1,100

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Definitions:

Income Distribution

The way in which the total income of an economy is distributed among its population.

Rich

Having a great deal of wealth, assets, or resources; affluent.

Poor

Individuals or communities that lack financial resources and essentials for a minimum standard of living.

Poverty Threshold

The minimum level of income deemed adequate in a particular country to maintain a standard of living.