CFA Practice Question

There are 208 practice questions for this study session.

CFA Practice Question

The linear trend equation developed for the annual sales (in $thousands) of the Jordan Manufacturing Company is Y-hat = 500 + 60t. By how much are sales increasing per year?
A. $60,000 per year.
B. $6,000 per month.
C. $500,000 per year.
Explanation: The sales are in $000, so the rate increase is $60,000 per year.

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