A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sale its popular Hand & Foot Cream. Ft= 60,000+ 18,000t Where Ft = Annual sales t is in years (Enter all answers as whole numbers.) a. Are annual sales increasing or decreasing? By how much? Annual sales are increasing decreasing Annual sales for year 6 by b. Predict annual sales for year 6 using the equation. bottles bottles per year.

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
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Problem 3-5 (Algo)
A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of
its popular Hand & Foot Cream.
Ft 60,000 + 18,000t
Where
Ft Annual sales
t is in years
(Enter all answers as whole numbers.)
a. Are annual sales increasing or decreasing? By how much?
Annual sales are
▼
Annual sales for year 6.
increasing
decreasing
by
b. Predict annual sales for year 6 using the equation.
bottles
bottles per year.
Transcribed Image Text:Problem 3-5 (Algo) A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream. Ft 60,000 + 18,000t Where Ft Annual sales t is in years (Enter all answers as whole numbers.) a. Are annual sales increasing or decreasing? By how much? Annual sales are ▼ Annual sales for year 6. increasing decreasing by b. Predict annual sales for year 6 using the equation. bottles bottles per year.
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