Gotham City's Budget Deficit Was $6

question 6

Multiple Choice

Gotham City's budget deficit was $6.2 million in 1993 and $2.4 million in 1998. Find the slope of the line through (1993, 6.2) and (1998, 2.4) and interpret your result.

• A) -0.760 slope; the slope of the deficit is decreasing by $0.760 million per year
• B) -0.760 slope; the deficit is increasing by $0.760 million per year
• C) -0.760 slope; the deficit is decreasing by $0.760 million per year
• D) -0.760 slope; the deficit decreased by $0.760 million during the period between 1993 and 1998.

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Definitions:

Average Inventory

The mean amount of inventory held over a specific period, used to calculate turnover rates and order quantities.

Service Level

A measure of the quality of service provided to customers, often reflected in the availability or reliability of a service.

Safety Inventory

Extra inventory kept on hand to guard against variability in demand or supply and prevent stockouts.

Expected Shortage

The anticipated deficit in supply of a product or resource, often calculated based on current inventory levels and projected demand.