A Quadratic Trend Equation Was Estimated from Monthly Sales of Trucks

question 101

Multiple Choice

A quadratic trend equation was estimated from monthly sales of trucks in the United States from July 2006 to July 2011. The estimated trend is y_t = 106 + 1.03t + 0.048t², where y_t units are in thousands. From this trend, how many trucks would be sold in July 2012?

• A)About 308,419
• B)About 524,889
• C)About 436,982
• D)About 223,831

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Definitions:

Proportionate Price

A price or value that has been adjusted based on a certain proportion or percentage of a whole.

Overhead Costs

The indirect expenses related to the operation of a business, such as rent, utilities, and administrative salaries, that are not directly tied to a specific product or service.

Pharmaceutical Distribution

The process of getting pharmaceutical products from the manufacturer to pharmacies, hospitals, and other end-points where they will be sold or dispensed.

IT Staff

Employees or team members responsible for managing and maintaining information technology and computer systems within an organization.