A manager uses the following equation to predict monthly receipts: Yt = 40,000 + 150t. What is the forecast for July if t = 0 in April of this year?
A) 40,450
B) 40,600
C) 42,100
D) 42,250
E) 42,400

Name: A manager uses the following equation to predict monthly receipts: Yt = 40,000 + 150t. What is the forecast for July if t = 0 in April of this year? A) 40,450 B) 40,600 C) 42,100 D) 42,250 E) 42,400
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

A manager uses the following equation to predict monthly receipts: Yt = 40,000 + 150t. What is the forecast for July if t = 0 in April of this year?
A) 40,450
B) 40,600
C) 42,100
D) 42,250
E) 42,400

Quizplus · Accepted Answer

The forecast for July is 40,000 + 150(3) = 40,450.

A Manager Uses the Following Equation to Predict Monthly Receipts