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Question 17 __________ is absolute error as a percentage of demand.

Question 18 __________ is a category of statistical techniques that uses historical data to predict future behavior.

Question 19 Worth 2 points, 1 hour time limit (chapters 1,ue units EXCEPT:The U.S. Department of Agriculture estimates that the yearly yield of limes per acre is distributed as follows: The estimated average price per bushel is $16.80.

What is the expected yield of the crop?

Question 20 __________ is a linear regression model relating demand to time.

Question 21 Which of the following possible values of alpha would cause exponential smoothing to respond the most slowly to sudden changes in forecast errors?

Question 23 __________ is the difference between the forecast and actual demand.

Question 24 __________ methods are the most common type of forecasting method for the long-term strategic planning process.

Question 25 A loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probability that a loaf is larger than 21 oz? Round your answer to four places after the decimal.

Question 26 An online sweepstakes has the following payoffs and probabilities. Each person is limited to one entry.

The probability of winning at least $1,000.00 is ________.