Use the Data Given Below to Answer the Following Question(s)

question 22

Multiple Choice

Use the data given below to answer the following question(s) .
The worldwide sales of cars from 1981-1990 are shown in the table below.Given: α = 0.2 and γ = 0.05.(Hint: Use XLMiner) .
$\begin{array}{|c|c|}\hline \text { Year } & \begin{array}{c}\text { Units sold in } \\\text { thousands }\end{array} \\\hline 1 & 750 \\\hline 2 & 823 \\\hline 3 & 1034 \\\hline 4 & 1945 \\\hline 5 & 1556 \\\hline 6 & 1300 \\\hline 7 & 1346 \\\hline 8 & 1150 \\\hline 9 & 967 \\\hline 10 & 1200 \\\hline\end{array}$
-Which of the following is the forecast value for the 6ᵗʰ year?

• A)1256.06
• B)1328.04
• C)1321.31
• D)1327.24

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, involved in buying, selling, or renting land, buildings, or housing.

Appraised

Appraised refers to the assessed value of an asset, typically conducted by a professional evaluator to determine its worth in the current market.

Paddleboats

Small watercraft propelled by the action of pedaling with the feet, often available for rent at recreational parks.