Answer:
$72
Step-by-step explanation:
one lb costs $12 so just multiply it by 6
For a smoothing constant of 0.2
Time period – 1 2 3 4 5 6 7 8 9 10
Actual value – 46 55 39 42 63 54 55 61 52
Forecast – 58 55.6 55.48 52.18 50.15 52.72 52.97 53.38 54.90
Forecast error - -12 -.6 -16.48 – 10.12 12.85 1.28 2.03 7.62 -2.9
The mean square error is 84.12
The mean forecast for period 11 is 54.38
For a smoothing constant of 0.8
Time period – 1 2 3 4 5 6 7 8 9 10
Actual value – 46 55 39 42 63 54 55 61 52
Forecast – 58 48.40 53.68 41.94 41.99 58.80 54.96 54.99 59.80
Forecast error - -12 6.60 -14.68 0.06 21.01 -4.80 0.04 6.01 -7.80The mean square error is 107.17
The mean forecast for period 11 is 53.56
Based on the MSE, smoothing constant of .2 offers a better model since the mean forecast is much better compared to the 53.56 of the smoothing constant of 0.8.
Answer:
132,600 possibilities
Step-by-step explanation:
The first one chosen can be 1 of 52
The 2nd one chosen is 1 out 51
And the 3rd chosen is 1 out 50
So...
52 x 51 x 50 = 132,600
He uses 5/8 tanks of gas in one week.
In 5 he will use, 5/8 *5 = 25/8 in 5 weeks
This can be simplified too:
3.125 tanks of gas
The answer is, 25/8 tanks of gas or 3.125 tanks of gas
