A company has developed a linear trend equation that can be used to predict its annual sales for a given product line. Ft = 80 + 15t Where Ft = annual sales, and t= 0 correspond…

Question

asked Jan 27, 2020 233k views

1 Answer

Laquanda · Answer 1 · 2020-02-03T11:08:30+0000

Answer:

320

Step-by-step explanation:

If t = 0 corresponds to 1990, then at the year of 2006 t equals:

$t = 2006 -1990 = 16\ years$

Predicted annual sales as a function of time is given by the following expression:

F(t) = 80+15t

for t = 16:

$F(16) = 80+15*16\\F = 320$

The predicted annual sale, for the given product line, for the year 2006 is 320.