Using the Sales Data on a Particular Model of a DVD

question 67

Multiple Choice

Using the sales data on a particular model of a DVD player shown below in Table 2, answer questions
Table 2
$\begin{array}{|l|c|c|c|}\hline \text { Month } & \text { Sales } & \text { Forecast 1 } & \text { Forecast 2 } \\\hline \text { Jan } & 35 & 30 & 33 \\\hline \text { Feb } & 29 & 28 & 32 \\\hline \text { Mar } & 39 & 43 & 35 \\\hline \text { Apr } & 42 & 40 & 45 \\\hline \text { May } & 51 & 48 & 52 \\\hline \text { Jun } & 56 & 55 & 52 \\\hline\end{array}$
-The mean absolute deviation (MAD) for forecast 2 is:

• A) less than or equal to 2.0.
• B) more than 2.0 but less than or equal to 2.5.
• C) more than 2.5 but less than or equal to 3.0.
• D) more than 3.0 but less than or equal to 3.5.

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Definitions:

Contingency-Fee Case

A legal case where the attorney's fees are contingent upon winning the case, typically paid as a percentage of the settlement or judgment.

Billable Hours

The hours that professionals, especially in legal and consultancy practices, charge their clients for, reflecting the amount of time spent working on client cases.

Nonbillable Hours

Time spent by professionals, like lawyers or consultants, on activities that cannot be directly charged to a client.

Maximize

To increase something to its greatest potential or highest possible level.