Your answer is partially correct. Try again. Mop and Broom Manufacturing has tra

Question

Your answer is partially correct. Try again. Mop and Broom Manufacturing has tracked the number of units sold of their most popular mop over the past twenty-four months. This is shown Month Sales Month Sales Month Sales 233 256 252 258 270 283 398 309 318 329 357 353 17 18 19 20 21 367 378 363 10 12 13 14 15 16 394 377 377 352 23 24 399 417 a. Develop a linear trend line for the data. (Round your answer to 2 declmal places, the tolerance is +/-0.01.) 6.92(month) 6.92 253.82+ Sales b. Compute a co glation coefficient for the datn evaluate the strength of the linear relationship. (Round your answer to 2 decimal places, the tolerance is moderate, positive : inear relationship. (Use not rounded amounts to answer this It indicates Correlation coefficient is question.) a, o, Version 4.24.4 al Olaces the ní ranns month 25 Rauna vaur ansi er to 2 anci ells na the linear trend ine eauation develon a forecast forthe next nenn ns, All Rights Reserved. A Division of 2ohn Wiley.&.os o

Explanation / Answer

The formula is current sales/Last month sales -1 = %growth in sales

417/399-1 = .0451%

4.51 units growth

417+4.51 = 421.51

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