Suppose That the Last Four Months of Sales Were 8

question 65

Multiple Choice

Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts?

• A) 2
• B) -10
• C) 3.5
• D) 9
• E) 10.5

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Definitions:

Ethanol Solvolysis

A chemical reaction in which the solvent ethanol participates in the breakage of bonds in molecules leading to the formation of new products.

Reactivity

The ability of a substance to undergo chemical reactions with other substances or within itself.

t-Butyl Bromide

An organic compound, also known as tert-butyl bromide, used in the synthesis of other chemicals, characterized by a tert-butyl group attached to a bromine atom.

Solvolysis

A chemical process in which the solvent plays a key role in the dissociation of a solute, often leading to substitution or elimination reactions.