A certain company has been an authorized dealer for C&D marine radios for the past seven years. The following table reports the number of radios sold each year. Number (a) Construct a time series plot. Number Sold O 140 120- 100+ 80- Year 60+ 00 40 20 Sold 34 50 76 90 106 109 130 0- 0 1 2 3 4 Year 6 6 7 140₁ 120+ 100- 80- 60+ 00 40 20 0 0 1 2 3 Does a linear trend appear to be present? O No trend pattern appears to be present in the time series plot. An upward linear trend pattern appears to be present in the time series plot. O A trend pattern appears to be present in the time series plot, but it's a quadratic trend. O A downward linear trend pattern appears to be present in the time series plot. 4 Year 5 6 7 140 120- 100 80 C 60 40 20 0 1 Number Sold 0 (b) Using statistical software, develop a linear trend equation for this time series. (Round your numerical values to two decimal places.) T₂= 2 (c) Use the linear trend equation developed in part (b) to develop a forecast for annual sales in year 8. (Round your answer to the nearest integer.) radios 3 4 5 6 Year Number Sold 140- 120+ 100+ 80 60+ 40 20 0- 0 1 3 4 Year 5 7 8 @

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A statistical program is recommended.
A certain company has been an authorized dealer for C&D marine radios for the past seven years. The following table reports the number of radios sold each year.
O
(a) Construct a time series plot.
140
120-
100+
80
Number Sold 34 50 76 90 106 109
60+
40
20
Year
0-
0
1
2
3
4
Year
4
5
5
6
6 7
8
7
130
OⓇ
140
120-
100+
80
60-
29
40
20
0
0
1
2
3
Does a linear trend appear to be present?
O No trend pattern appears to be present in the time series plot.
An upward linear trend pattern appears to be present in the time series plot.
O A trend pattern appears to be present in the time series plot, but it's a quadratic trend.
O A downward linear trend pattern appears to be present in the time series plot.
4
Year
5
6
7
8
00
140-
120+
100+
80-
60-
40
20
0
0
(b) Using statistical software, develop a linear trend equation for this time series. (Round your numerical values to two decimal places.)
T₂
1
2
(c) Use the linear trend equation developed in part (b) to develop a forecast for annual sales in year 8. (Round your answer to the nearest integer.)
radios
3
4
Year
5
6
7
8
140
120-
100+
80
60
40
20
0
0
1
2
3 4
Year
5
6
7
8
Transcribed Image Text:A statistical program is recommended. A certain company has been an authorized dealer for C&D marine radios for the past seven years. The following table reports the number of radios sold each year. O (a) Construct a time series plot. 140 120- 100+ 80 Number Sold 34 50 76 90 106 109 60+ 40 20 Year 0- 0 1 2 3 4 Year 4 5 5 6 6 7 8 7 130 OⓇ 140 120- 100+ 80 60- 29 40 20 0 0 1 2 3 Does a linear trend appear to be present? O No trend pattern appears to be present in the time series plot. An upward linear trend pattern appears to be present in the time series plot. O A trend pattern appears to be present in the time series plot, but it's a quadratic trend. O A downward linear trend pattern appears to be present in the time series plot. 4 Year 5 6 7 8 00 140- 120+ 100+ 80- 60- 40 20 0 0 (b) Using statistical software, develop a linear trend equation for this time series. (Round your numerical values to two decimal places.) T₂ 1 2 (c) Use the linear trend equation developed in part (b) to develop a forecast for annual sales in year 8. (Round your answer to the nearest integer.) radios 3 4 Year 5 6 7 8 140 120- 100+ 80 60 40 20 0 0 1 2 3 4 Year 5 6 7 8
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