Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number Week Number 1 220 7 350 13 460 2 245 8 360 14 475 280 9 400 15 500 4 275 10 380 16 510 300 11 420 17 525 6. 310 12 450 18 541 a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 3 decimal places.) Y = 19.19 + 213.53 t b. Use the trend equation to predict expected loadings for weeks 20 and 21. (Round your intermediate calculations and final answers to 3 decimal places.) The forecasted demand for week 20 and 21 is 597.33 and 616.52 respectively. c. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately how many more weeks? (Round your intermediate calculations to 3 decimal places and final answer to the nearest whole number.) It would take approximately 12 more weeks.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
icon
Related questions
Question
Freight car loadings over an 18-week period at a busy port are as follows:
Week
Number
Week
Number
Week
Number
1
220
7
350
13
460
2
245
8
360
14
475
3
280
9.
400
15
500
4
275
10
380
16
510
300
11
420
17
525
6
310
12
450
18
541
a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 3
decimal places.)
19.19 +
213.53 t
b. Use the trend equation to predict expected loadings for weeks 20 and 21. (Round your intermediate calculations and final
answers to 3 decimal places.)
The forecasted demand for week 20 and 21 is
597.33 and
616.52 respectively.
c. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend
continues, the loading volume will reach that level in approximately how many more weeks? (Round your intermediate calculations to
3 decimal places and final answer to the nearest whole number.)
It would take approximately
more weeks.
Transcribed Image Text:Freight car loadings over an 18-week period at a busy port are as follows: Week Number Week Number Week Number 1 220 7 350 13 460 2 245 8 360 14 475 3 280 9. 400 15 500 4 275 10 380 16 510 300 11 420 17 525 6 310 12 450 18 541 a. Determine a linear trend line for expected freight car loadings. (Round your intermediate calculations and final answers to 3 decimal places.) 19.19 + 213.53 t b. Use the trend equation to predict expected loadings for weeks 20 and 21. (Round your intermediate calculations and final answers to 3 decimal places.) The forecasted demand for week 20 and 21 is 597.33 and 616.52 respectively. c. The manager intends to install new equipment when the volume exceeds 800 loadings per week. Assuming the current trend continues, the loading volume will reach that level in approximately how many more weeks? (Round your intermediate calculations to 3 decimal places and final answer to the nearest whole number.) It would take approximately more weeks.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt