A study was recently done in which 500 people were asked to indicate their preferences for one of three products. The following table shows the breakdown of the responses by gender of the respondent. Product Preference Gender A B C Male 80 20 10 Female 200 70 120 Based on these data, the probability that a person in the population will prefer product A can be assessed as: a. 0.18 b.0.56 c. 0. 286 d. None of the above 2. Calculate the exponential smoothing forecast for week eight using a=0.2. Week Sales Forecast 1 39 2 44 3 40 4 45 5 38 6 43 7 39
- A study was recently done in which 500 people were asked to indicate their preferences for one of three products. The following table shows the breakdown of the responses by gender of the respondent.
Product Preference
Gender A B C
Male 80 20 10
Female 200 70 120
Based on these data, the probability that a person in the population will prefer product A can be assessed as:
a. 0.18
b.0.56
c. 0. 286
d. None of the above
2. Calculate the exponential smoothing
|
Week |
Sales |
Forecast |
|
1 |
39 |
|
|
2 |
44 |
|
|
3 |
40 |
|
|
4 |
45 |
|
|
5 |
38 |
|
|
6 |
43 |
|
|
7 |
39 |
|
a. 41.63
b. 39.98
c. 40.54
d. 40.03
Instruction: This is consists of two (2) multiple choice questions. Each question requires deep analysis. Choose the appropriate response for each question. A detailed working out should accompany the responses.
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