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Instruction 14-9
the Number of Cases of Merlot Wine Sold

question 106

Essay

Instruction 14-9
The number of cases of merlot wine sold by a Barossa Valley Winery in an 8-year period follows.
 Year  Cases of Wine 20032702004356200539820064562007358200850020094102010376\begin{array} { c c } \text { Year }& \text { Cases of Wine } \\2003 & 270 \\2004& 356 \\2005 & 398 \\ 2006& 456 \\2007 & 358 \\2008 & 500 \\ 2009& 410 \\2010&376\\\end{array}
-Referring to Instruction 14-9,exponentially smooth the wine sales with a weight or smoothing constant of 0.4.


Definitions:

Insurance Premium

The amount of money an individual or business must pay for an insurance policy, securing protection or coverage against specific risks.

Credit Period

The length of time allowed by a creditor for a borrower to make payment on a merchandise or loan without incurring interest or penalties.

Work-in-progress

Inventory that includes materials that have been partially processed but are not yet finished goods in the manufacturing process.

Finished Good

A product that has completed the manufacturing process and is ready for sale to customers.

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