The Forecast for the Third Quarter Is 2,000 Units; the Seasonal

question 6

Multiple Choice

The forecast for the third quarter is 2,000 units; the seasonal index for the quarter is 1.18. What are the seasonally adjusted sales for the quarter?

• A)2,000
• B)2,018
• C)2,118
• D)2,360

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Definitions:

Frequency Distribution

A statistical representation showing the number of observations within each given interval.

Sample

A subset of a population chosen for measurement, observation, or questioning to provide statistical information about the whole.

Frequency Distribution

The representation of data that shows the number of instances in which a variable takes each of its possible values.

Frequency Distribution

A summary of how often different values occur within a dataset, usually presented in a table or graphical format.