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In a study of sales, a company obtained the following least square trend equation : 16 + 2X (Origin, 1985, X unit = 1 year Y unit total number of units sold per year) : %3D The company has a physical capacity of producing only 30 units a year and it believes that at least for the next decade the trend will continue as before. (i) What is the average annual increase in the number of units ? (ii) By which year the company's expected sales have reached its physical сараcity ? (iii) Estimate the annual sales for the year 1998.

In a study of sales, a company obtained the following least square trend equation : 16 + 2X (Origin, 1985, X unit = 1 year Y unit total number of units sold per year) : %3D The company has a physical capacity of producing only 30 units a year and it believes that at least for the next decade the trend will continue as before. (i) What is the average annual increase in the number of units ? (ii) By which year the company's expected sales have reached its physical сараcity ? (iii) Estimate the annual sales for the year 1998.

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 6EQ: Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of...
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In a study of sales, a company obtained the following least square trend equation : Y = 16 + 2X (Origin, 1985, X unit 1 year Y unit total number of units sold per year) : The company has a physical capacity of producing only 30 units a year and it believes that at least for the next decade the trend will continue as before. (i) What is the average annual increase in the number of units ? (ii) By which year the company's expected sales have reached its physical сараcity ? (iii) Estimate the annual sales for the year 1998.
Transcribed Image Text:In a study of sales, a company obtained the following least square trend equation : Y = 16 + 2X (Origin, 1985, X unit 1 year Y unit total number of units sold per year) : The company has a physical capacity of producing only 30 units a year and it believes that at least for the next decade the trend will continue as before. (i) What is the average annual increase in the number of units ? (ii) By which year the company's expected sales have reached its physical сараcity ? (iii) Estimate the annual sales for the year 1998.
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