Concept explainers
a.
To estimate: sales for January 2014.
a.
Answer to Problem 124E
Explanation of Solution
Given information: A company that produces wakeboards forecasts monthly sales S
over two-year period to be
Formula used:
Monthly sales S over two-year period to be
Calculation:
To estimate sales for January 2014 substitute t =1 in the monthly sales equation.
b.
To estimate: sales for February 2015.
b.
Answer to Problem 124E
Explanation of Solution
Given information: A company that produces wakeboards forecasts monthly sales S
over two-year period to be
Formula used:
Monthly sales S over two-year period to be
Calculation:
To estimate sales for February 2015 substitute t =14 in the monthly sales equation because February 2015 is 14 months after January 2014.
c.
To estimate: sales for May 2014.
c.
Answer to Problem 124E
Explanation of Solution
Given information: A company that produces wakeboards forecasts monthly sales S
over two-year period to be
Formula used:
Monthly sales S over two-year period to be
Calculation:
To estimate sales for May 2014 substitute t =5 in the monthly sales equation because May 2014 is 5 months after January 2014.
d.
To estimate: sales for June 2015.
d.
Answer to Problem 124E
Explanation of Solution
Given information: A company that produces wakeboards forecasts monthly sales S
over two-year period to be
Formula used:
Monthly sales S over two-year period to be
Calculation:
To estimate sales for June 2015 substitute t =18 in the monthly sales equation because June 2015 is 18 months after January 2014.
Chapter 4 Solutions
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