Consider the following data: Sales of Hot Dogs in Thousands) I.a = 160, b = 1.1, c = 221. II.a = 150, b = 1.1, c = 225. III.Sales of hot dogs show an upward trend. IV.If the seasonally adjusted forecast for next year's second quarter is 180,000 hot dogs, the actual sales will be 234,000. Which combination of the statements is supported by the data above?
A)I, III, and IV.
B)II, III, and IV
C)I and IV.
D)III and IV
E)I and IV

Question

Consider the following data: Sales of Hot Dogs in Thousands)  I.a = 160, b = 1.1, c = 221. II.a = 150, b = 1.1, c = 225. III.Sales of hot dogs show an upward trend. IV.If the seasonally adjusted forecast for next year's second quarter is 180,000 hot dogs, the actual sales will be 234,000. Which combination of the statements is supported by the data above?
A)I, III, and IV. 
B)II, III, and IV 
C)I and IV. 
D)III and IV 
E)I and IV

Quizplus · Accepted Answer

Statement I provides specific data about the sales of hot dogs, including the values for a, b, and c. Statement III supports statement I by stating that sales show an upward trend. Statement IV uses the values from statement I to make a specific prediction about future sales. Therefore, statements I and IV are supported by the data, while statement II is not.

Consider the Following Data: Sales of Hot Dogs in Thousands)