Calculate the Tracking Signal to two decimal places.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
| Period | Actual | Error | Abs Error | |
| 1 | 35 | 40 | -5 | 5 |
| 2 | 38 | 37 | 1 | 1 |
| 3 | 45 | 41 | 4 | 4 |
| 4 | 39 | 43 | -4 | 4 |
| 5 | 44 | 42 | 2 | 2 |
| 6 | 49 | 45 | 4 | 4 |
| 7 | 46 | 48 | -2 | 2 |
| 8 | 46 | 48 | -2 | 2 |
| 9 | 52 | 47 | 5 | 5 |
| 10 | 57 | 52 | 5 | 5 |
| Sum | 451 | 443 | 8 | 34 |
| Average | 45.1 | 44.3 | 0.8 | 3.4 |
Calculate the Tracking Signal to two decimal places.
Expert Solution
Step 1
SOLUTION:
Tracking Signal = 2.35
Hence, the solution of this answer is as below:
Step by step
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