Exhibit 17-4 The Espresso Cart has had the following pattern of espresso sales over the last two weeks: Monday Tuesday Wednesday Thursday Friday Week1 873 904 911 887 899 Monday Tuesday Wednesday Thursday Friday Week 2 912 859 906 900 ? Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of .5 (for newest), -3, and .2 (for oldest)? a. 881.3 Ob. 894.7 O c. 889.4 d. 893.6

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter1: Foundations
Section1.3: Add And Subtract Integers
Problem 259E: Stock Market The week of September 15, 2008 was one of the most volatile weeks ever for the US stock...
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**Exhibit 17-4**

The Espresso Cart has had the following pattern of espresso sales over the last two weeks:


|        | Week 1 |        |        | Week 2 |        |
|--------|--------|--------|--------|--------|--------|
| Monday | 873    |        | Monday | 912    |
| Tuesday| 904    |        | Tuesday| 859    |
| Wednesday | 911 |        | Wednesday | 906 |
| Thursday | 887  |        | Thursday | 900   |
| Friday  | 899   |        | Friday  | ?      |


Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of 0.5 (for newest), 0.3, and 0.2 (for oldest)?

- a. 881.3
- b. 894.7
- c. 889.4
- d. 893.6
Transcribed Image Text:**Exhibit 17-4** The Espresso Cart has had the following pattern of espresso sales over the last two weeks: | | Week 1 | | | Week 2 | | |--------|--------|--------|--------|--------|--------| | Monday | 873 | | Monday | 912 | | Tuesday| 904 | | Tuesday| 859 | | Wednesday | 911 | | Wednesday | 906 | | Thursday | 887 | | Thursday | 900 | | Friday | 899 | | Friday | ? | Refer to Exhibit 17-4. What is the forecast for Friday's sales using a three-day weighted moving average with weights of 0.5 (for newest), 0.3, and 0.2 (for oldest)? - a. 881.3 - b. 894.7 - c. 889.4 - d. 893.6
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