What is a three-period moving average forecast for the month of July?
A rendering plant wishes to use the data (sales records from a few local businesses and the month of the year) to help determine their supply level for the coming months. The records shown in the table provide an excellent opportunity for you to assist them with their forecasting.
Month Sales Pounds
January 45 54.3
February 57 63.8
March 32 39.5
April 44 49.8
May 51 52.3
June 34 39.9
A) 47.33
B) 46.10
C) 45.38
D) 44.29
Answer: A
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Carl's home sustains $50,000 damage in an electrical fire. The home is insured under a Homeowners policy for $75,000. At the time of the loss, the home's replacement cost is $125,000. How much will Carl's Homeowners policy pay for this loss?
A) $50,000 B) $60,000 C) $93,750 D) $37,500
Investors are rewarded for assuming
A) total risk. B) diversifiable risk. C) nondiversifiable risk. D) any type of risk.