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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
a Annual sales are increasing b...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
An equation that can be used to predict fuel economy (in miles per gallon) for automobiles is y = 41.3 - 0.004x 1 - 0.0049x 2 where x 1 is the engine displacement (in cubic inches) and x 2 is the...
-
A regression equation to be used to predict a dependent variable with four independent variables is developed from a sample of size 10. The resulting equation is Two other equations are developed...
-
Can a low barometer reading be used to predict maximum wind speed of an approaching tropical cyclone? Data for this problem are based on information taken from Weatherwise (Vol. 46, No. 1), a...
-
Please graphically demonstrate the effects on the level of prices and the value of money if consumers increase their spending due to stock market boom and therefore make more transactions. On the...
-
What is the difference between a hoist and a crane?
-
1. What is the term for the right of Roche citizens to walk across Shoepkes land on the trail? 2. What covenants would most courts infer were included in the warranty deed that was used in the...
-
Describe the theories under which the validity of consent might be proven.
-
The president of Healthy Heart Exercise Equipment Co. has been concerned about the growth in costs over the last several years. The president asked the controller to perform an activity analysis to...
-
Private Equity Associates ("Associates") is a limited partnership that buys, restructures, and then sells companies that are not publicly traded. Manager, the sole general partner of Associates, is...
-
Feedback systems do not always involve negative feedback. Economic inflation, which is evidenced by continually rising prices, is a positive feedback system. A positive feedback control system, as...
-
A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A...
-
From the following graph, determine the equation of the linear trend line for time- share sales for Glib Marketing, Inc. Annual Sales, Glib Sales, Inc. 600 500 400 2 300 D 200 100 1 0 2345 6 7 89 10...
-
Draw \(n\) points on a circle \((n \geq 5)\). How many pentagons can you draw by connecting any five of these points?
-
How do changes in fuel efficiency, household incomes, and tax or production cost affect on demand and supply of the UK road fuel market? Explain.
-
How do government fiscal policies, such as changes in taxation and government spending, directly impact small and medium enterprises (SMEs) in Indonesia? Discuss with examples specific policies and...
-
Webb Co., a publicly traded company, implemented a defined benefit pension plan for its employees on January 1, 2003. During 2003 and 2004, Webbs contributions fully funded the plan. The following...
-
In what ways are Webers and Fayols ideas about bureaucracy and administration similar? How do they differ?
-
The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 6....
-
How might the co-operation be planned and controlled?
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
Describe three distinct mechanisms for accomplishing dosage compensation in different species.
-
A pharmacist has been monitoring sales of a certain over-the counter (i.e., no prescription is needed) pain reliever. Daily sales during tire last 15 days were: a. If you learn that on some days the...
-
New-car sales of a dealer during the past year are shown in the following table, along with monthly seasonal relatives. a. Plot the data. Does there seem to be a trend? b. Deseasonalize the new car...
-
The following data shows a small tool and die shops quarterly sales (in $000s) for the current year. What sales would you predict for the first quarter of next year? Quarterly seasonal relatives are...
-
How does culture relate to political and security issues in the world? Please provide specific examples. 2 What are the most significant contemporary security issues in the world? How does culture...
-
Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost Date January 1 Activities Beginning inventory January 3 Sales February 14 February 15...
-
A cylindrical log is cut as shown to form a park bench. Find: a. The area of triangle OAB in m. [2] b. The volume of the log in m. [3] B 70% 40 cm 3m
Study smarter with the SolutionInn App