A cosmetics manufacturers marketing department has developed a linear trend equation that can be used to predict
Question:
A cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream.
Ft = 80 + 15t
where
Ft = Annual sales (000 bottles)
t is in years
a. Are annual sales increasing or decreasing? By how much?
b. Predict annual sales for year 6 using the equation.
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Step by Step Answer:
a Annual sales are increasing b...View the full answer
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