The following linear trend equation was developed for annual sales from 2005 to 2009,with 2005 as the base year. = 500 + 60t (in thousand $). What are the estimated sales for 2010 (in thousand $)?
A)$500
B)$860
C)$1,040
D)$1,100

Question

The following linear trend equation was developed for annual sales from 2005 to 2009,with 2005 as the base year.  = 500 + 60t (in thousand $). What are the estimated sales for 2010 (in thousand $)?
A)$500 
B)$860 
C)$1,040 
D)$1,100

Quizplus · Accepted Answer

The Answer of The following linear trend equation was developed for annual sales from 2005 to 2009,with 2005 as the base year.  = 500 + 60t (in thousand $). What are the estimated sales for 2010 (in thousand $)?
A)$500 
B)$860 
C)$1,040 
D)$1,100

The Following Linear Trend Equation Was Developed for Annual Sales