A manager at Symbic Inc. plotted the company's total energy costs of 1 billion dollars over the past 10 years on a chart. The chart suggested that the energy costs appear to be increasing in a fairly predictable linear fashion and that the energy costs are related to time by a linear function Yt = 3 + 5t, where Yt represents the estimate of the energy cost in year t. Given the equation, which of the following is the value of the intercept of the straight line that best fits the time series? a. 10 b. 1 c. 5 d. 3
A manager at Symbic Inc. plotted the company's total energy costs of 1 billion dollars over the past 10 years on a chart. The chart suggested that the energy costs appear to be increasing in a fairly predictable linear fashion and that the energy costs are related to time by a linear function Yt = 3 + 5t, where Yt represents the estimate of the energy cost in year t. Given the equation, which of the following is the value of the intercept of the straight line that best fits the time series? a. 10 b. 1 c. 5 d. 3
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter11: Simulation Models
Section11.5: Simulating Games Of Chance
Problem 39P: Assume a very good NBA team has a 70% chance of winning in each game it plays. During an 82-game...
Question
A manager at Symbic Inc. plotted the company's total energy costs of 1 billion dollars over the past 10 years on a chart. The chart suggested that the energy costs appear to be increasing in a fairly predictable linear fashion and that the energy costs are related to time by a linear function Yt = 3 + 5t, where Yt represents the estimate of the energy cost in year t. Given the equation, which of the following is the value of the intercept of the straight line that best fits the time series?
a. |
10 |
|
b. |
1 |
|
c. |
5 |
|
d. |
3 |
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