Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6 period time frame: Period : 1, 2, 3, 4, 5, 6
Demand: 200, 245, 190, 270, 280, 300
Use a 2 period moving average to forecast the demand for period 7.

Forecast demand for period 7 is 290.

Step-by-step explanation:

The given number of period = 6

Since it is given that in period 1, the demand is 200 and at period 6 the demand is 300. However, to find the forecast demand for period 7, just add the demand of period 1 and period 6, then divide by 2.  

Here, the following is the calculation.

Forecast demand for period 7 = (280 + 300) / 2

                                                  = 290

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get

c-   36

taxicab circle radius 9 has 4(9) = 36 points