Using Crystal Ball for the data set shown above, identify the purchase quantity that provides the ...

Using Crystal Ball for the data set shown above, identify the purchase quantity that provides the largest average profit.
 
  A) Purchase quantity 54
  B) Purchase quantity 53
  C) Purchase quantity 56
  D) Purchase quantity 60

Q. 2

Is there sufficient evidence to reject the null hypothesis that there is no difference between the analysts forecast?
 
  What will be an ideal response?

Q. 3

Sales data measured each week for the past twenty weeks are examples of time-series data.
 
  Indicate whether the statement is true or false

Q. 4

If a worker in the finishing department falls ill for a day and is unable to report to work, the overall profit will reduce by ________.
 
  A) 1,260
  B) 315
  C) 1801
  D) 630

Q. 5

In a nonlinear regression model, the parameters or beta coefficients are linear.
 
  Indicate whether the statement is true or false