Exhibit 11.11 The Following Questions Use the Data Below

Multiple Choice

Exhibit 11.11
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using seasonal indices. The store has collected 12 quarters of data and needs your help to analyze the data. The relevant regression output is in the following table.
-Refer to Exhibit 11.11. What formula should be entered in cell C18 to compute the Seasonal Index value for quarter 1?

A) =SUM($B$3:$B$14) /COUNTIF($B$3:$B$14,B18)
B) =SUMIF($B$3:$B$14,B18,$G$3:$G$14) /COUNTIF($B$3:$B$14,B18)
C) =SUMIF($B$3:$B$14,$G$3:$G$14) /COUNT($B$3:$B$14,B18)
D) =SUMIF($B$3:$B$14,B18) /COUNTIF($B$3:$B$14,B18)