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In forecasting, MacDonald’s Wing® discovered that when it opened its store to the public
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In forecasting, MacDonald’s Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; y=a+bx. Where ‘y’ represents the number of sales and ‘a’ is the number they started with (200), what is the slope of this equation after 2 years? (2 points) (slope is b)
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[Solved] In forecasting, MacDonald’s Wing® discovered that when it opened its store to the public
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- Submitted On 20 Dec, 2014 11:54:51
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In forecasting, MacDonald’s Wing® discovered that when it opened its store to the public
The slope does not change with years and from the given information we can see,
Y = 5000, a = 200 and x = 1
So,
5000 = 200+b*1
b = 5000-200 = 4800
So slope is 4800.
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