1 3 S Question 4: Forecasting using the distribution method A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It has determined that this proportion depend on the number of business days since the checks were distributed. The estimate proportions are given below: Business Days Since Distribution of Dollars Expected to Clear 12% 2 33% 29% 17% 9% Total 100% If $500,000 in checks is distributed on Thursday April 1, can you make a schedule according to which the checks are estimated to clear: Business Days After Date Day of the Percentage of Dollars Forecast of Dollars Distribution Clearing Clearing April 1 2 Friday 12% April 5 Monday 33% April Tuesday 29% April Wednesday 17% April Thursday S Total 100% Week 2 $ 3 6 S 4 17 S 15 9% 18 1 3 S Question 4: Forecasting using the distribution method A company has used regression analysis based on historical data to estimate the proportion of dollars that will clear on a given business day. It has determined that this proportion depend on the number of business days since the checks were distributed. The estimate proportions are given below: Business Days Since Distribution of Dollars Expected to Clear 12% 2 33% 29% 17% 9% Total 100% If $500,000 in checks is distributed on Thursday April 1, can you make a schedule according to which the checks are estimated to clear: Business Days After Date Day of the Percentage of Dollars Forecast of Dollars Distribution Clearing Clearing April 1 2 Friday 12% April 5 Monday 33% April Tuesday 29% April Wednesday 17% April Thursday S Total 100% Week 2 $ 3 6 S 4 17 S 15 9% 18