Homework Help is Here – Start Your Trial Now!
Business
Operations Management
The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Table 3 Year Enrollment 1 220 2 245 3 256 4 289 5 310  Assuming a linear trend, use the tabular method to derive values for: the slope the intercept  How did you work out to get 22.4 for the slope and for the intercept how did you work it out and get 196.8

The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3: Table 3 Year Enrollment 1 220 2 245 3 256 4 289 5 310  Assuming a linear trend, use the tabular method to derive values for: the slope the intercept  How did you work out to get 22.4 for the slope and for the intercept how did you work it out and get 196.8

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question
  1. The number of students enrolled in Spring Valley Elementary school has been steadily increasing over the past five years. The School Board would like to forecast enrolment

for years 6 and 7 in order to better plan capacity. The past five years enrolment is indicated in table 3:

Table 3

Year

Enrollment

1

220

2

245

3

256

4

289

5

310

 Assuming a linear trend, use the tabular method to derive values for:

  1. the slope
  2. the intercept 

How did you work out to get 22.4 for the slope and for the intercept how did you work it out and get 196.8

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS