Jim is a minor manufacturer. He needs to know the forecasted sales for September to formulate a plan in advance. What is his forecasted sale

Question

Jim is a minor manufacturer. He needs to know the forecasted sales for September to formulate a plan in advance. What is his forecasted sale using simple average
method?
Month Sales ($)
January 3,000
February 3,500
March 4,000
April 4,500
May 3,000
June 3,500
July 4,204
August 5,000

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Luna 2 weeks 2021-09-28T15:38:38+00:00 1 Answer 0

Answers ( )

    0
    2021-09-28T15:40:09+00:00

    Answer:

      $3838

    Step-by-step explanation:

    The mean of the given numbers is their sum divided by the number of them:

      mean = (3000 +3500 +4000 +4500 +3000 +3500 +4204 +5000)/8

      = 30704/8 = 3838

    If Jim is using this mean for his forecast, then his forecasted sales is $3838.

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