Renton Industries makes replacement parts for the automobile industry.As part of the company's capacity planning,it needs a long-range total demand forecast.The following information was generated based on 10 years of historical data on total number of parts sold each year. Based on this information,we can conclude that sales on average have been growing by more than 48 thousand annually.

Question

Renton Industries makes replacement parts for the automobile industry.As part of the company's capacity planning,it needs a long-range total demand forecast.The following information was generated based on 10 years of historical data on total number of parts sold each year.  Based on this information,we can conclude that sales on average have been growing by more than 48 thousand annually.

Quizplus · Accepted Answer

Looking at the trend line in the graph, we can see that there is a positive slope indicating an increase in sales over time. Additionally, the slope of the trend line is greater than 48 thousand, indicating that sales on average have been growing by more than 48 thousand annually.

Renton Industries Makes Replacement Parts for the Automobile Industry