MGT207 Business Statistics

Business StatisticsTU Board 2080

Below are given the annual production of sugar (in thousand tons) of a factoryYear2011201220132014201520162017Production77889485919890a. Fit a straight by the method of least square b. Obtain the…

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Below are given the annual production of sugar (in thousand tons) of a factoryYear2011201220132014201520162017Production77889485919890a. Fit a straight by the method of least square b. Obtain the trend values c. Plot the given figures on a graph and show the trend line d. What is the monthly increase in production? e. Estimate production of sugar for the year 2020.

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