If the Least Squares Equation for Sales Data Is ŷ

question 54

Multiple Choice

If the least squares equation for sales data is ŷ = 10 + 1.3t ($ millions) ,with t = 0 in 1995, what is the value of t and the forecast for 2002?

• A) t = 6, y = 17.8
• B) t = 0, y = 10.0
• C) t = 7, y = 19.1
• D) t = 10, y = 0.0
• E) t = 7, y = 9.1

---

Definitions:

Licensed Professional

An individual who has been granted permission to practice a particular profession by a recognized authority.

Chest Compressions

A critical component of cardiopulmonary resuscitation (CPR), involving pressing down on the chest of a cardiac arrest victim to maintain blood flow.

CPR

Stands for Cardiopulmonary Resuscitation, an emergency procedure combining chest compressions with artificial ventilation to manually preserve brain function until further measures to restore spontaneous blood circulation and breathing in a person in cardiac arrest.

Malpractice Suit

A legal claim filed against a healthcare professional or organization for negligence or failure to provide proper care, resulting in harm to a patient.