Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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A cosmetics manufacturer’s marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream.
Ft = 80 + 15t
where
Ft = Annual sales (000 bottles)
t is in years
a. Are annual sales increasing or decreasing? By how much?
b. Predict annual sales for year 6 using the equation.
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