Question
In: Accounting
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly...
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows:
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Mileage | 3,050 | 3,950 | 3,500 | 3,850 | 3,700 |
a) Using a 2-year moving average, the forecast for year 6= _______ miles (round your response to the nearest whole number).
Solutions
Expert Solution
Please find below the answer. .
| forecast for 6th year based on 2 year moving average = (4th year mileage + 5th year mileage)/2 | |||||
| =(3850+3700)/2 | |||||
| 3775 | |||||
ekkarill92 answered 2 years agoRelated Solutions
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly...
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3 4 5
Mileage 3,000 3,950
3,450 3,800 3,750
a) Using a 2-year moving average, the forecast for year 6
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2
3
4
5
Mileage
3,050
4,050
3,450
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ambulance. The decision will rest partly on the anticipated mileage
to be driven next year. The miles driven during the past 5 years
are as follows:
Year
1
2
3
4
5
Mileage
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4,050
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are as follows:
Year
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2
3
4
5
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3,400
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