A Rendering Plant Wishes to Use the Data (Sales Records

question 114

Multiple Choice

A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
$$\begin{array} { | c | c | c | } \hline \text { Month } & \text { Sales } & \text { Pounds } \\\hline \text { Tanuary } & 45 & 54.3 \\\hline \text { February } & 57 & 63.8 \\\hline \text { March } & 32 & 39.5 \\\hline \text { April } & 44 & 49.8 \\\hline \text { May } & 51 & 52.3 \\\hline \text { Tune } & 34 & 39.9 \\\hline\end{array}$$
-What is the slope of the regression equation developed when the Sales data are used to predict the Pounds?

• A) 0.92
• B) 0.86
• C) 0.80
• D) 0.71

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Definitions:

Risk Mitigation

Strategies and actions implemented to reduce, control, or eliminate identified risks to a project or business.

Too Much Control

A situation where excessive governance or oversight can stifle creativity, decision-making, or operational efficiency.

Orderliness

The quality of being methodically organized and systematic in arrangement or function.

Information Gaps

Situations where a disparity or lack of necessary information exists, making it difficult to make informed decisions or understandings.