The following linear trend equation was developed for the annual - 6654

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Request Description

The following linear trend equation was developed for the annual sales of the Tractor Manufacturing Company. Y' = 355 + 50t (in $ thousands). How much are sales increasing by? 

 

A.   $6,000 per year 

 

B.   $5,000 per month 

 

C.   $50,000 per year

 

D.   $500,000 per year 

 

Solution Description

The following linear trend equation was developed for the annual sales of the Tractor Manufacturing Company. Y' = 355 + 50t (in $ thousands). How much are sales increasing by?