question 26 (1 point)\nlisten\nthe following table shows the sales data of server computers of ziffcore inc…

question 26 (1 point)\nlisten\nthe following table shows the sales data of server computers of ziffcore inc. for the past 5 years. the management plotted the data on a chart. the chart suggested that the sales appear to be increasing in a fairly predictable linear fashion and that the sales are related to time by a linear function y_t = 240 + 340t. using simple linear regression, calculate the forecast for sales in year 6.\n|year|sales|\n|----|----|\n|1|580|\n|2|920|\n|3|1260|\n|4|1600|\n|5|1940|\nthe forecast for sales in year 6 is more than 1800 but less than or equal to 2000.\nthe forecast for sales in year 6 is more than 2000 but less than or equal to 2200.\nthe forecast for sales in year 6 is more than 2200 but less than or equal to 2400.\nthe forecast for sales in year 6 is more than 2400 but less than or equal to 2600.

question 26 (1 point)\nlisten\nthe following table shows the sales data of server computers of ziffcore inc. for the past 5 years. the management plotted the data on a chart. the chart suggested that the sales appear to be increasing in a fairly predictable linear fashion and that the sales are related to time by a linear function y_t = 240 + 340t. using simple linear regression, calculate the forecast for sales in year 6.\n|year|sales|\n|----|----|\n|1|580|\n|2|920|\n|3|1260|\n|4|1600|\n|5|1940|\nthe forecast for sales in year 6 is more than 1800 but less than or equal to 2000.\nthe forecast for sales in year 6 is more than 2000 but less than or equal to 2200.\nthe forecast for sales in year 6 is more than 2200 but less than or equal to 2400.\nthe forecast for sales in year 6 is more than 2400 but less than or equal to 2600.

Answer

Explanation:

Step1: Identify the value of t

For year 6, the value of the time - variable t is 6.

Step2: Substitute t into the linear function

We have the linear function $Y_t = 240+340t$. Substitute $t = 6$ into it: $Y_6=240 + 340\times6$. First, calculate $340\times6=2040$. Then, $Y_6=240+2040$. $Y_6 = 2280$.

Answer:

The forecast for sales in year 6 is more than 2200 but less than or equal to 2400.