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