Exhibit 11.1 The Following Questions Use the Data Below

question 95

Multiple Choice

Exhibit 11.1
The following questions use the data below.
Honest Al's Used Cars wants to predict how many cars are sold each month. He has collected data for 12 months. He needs your help in analyzing this data using moving averages.
-Refer to Exhibit 11.1. If predicting the cars sold for time period 14, what formula must be placed in cell B16?

• A) =AVERAGE(B12:B15)
• B) =AVERAGE(B12:B15)/4
• C) =TREND(B12:B15)
• D) =B14

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