Neco 2018 Data Processing Question 30

Practice objective / multiple choice question 30 from the 2018 Neco Data Processing examination.

Neco 2018 Data Processing Objective / Multiple Choice Hard Difficulty
Question 30 NECO • 2018 • DATA_PROCESSING • objective

A spreadsheet contains the following data (Month, Units Sold, Unit Price in \(\text{₦}\)):\n\begin{tabular}{lrr} Month & Units Sold & Unit Price\\\hline Jan & 120 & 50\\ Feb & 150 & 48\\ Mar & 130 & 49\\ Apr & 160 & 47\\ May & 170 & 46\\ Jun & 180 & 45\\ \end{tabular}\nColumn D computes Revenue as \(\text{Units Sold}\times\text{Unit Price}\).\nUsing the revenues for April, May and June, apply a simple linear regression (least‑squares) to predict the revenue for July (the next month). Then determine the percentage increase of this projected July revenue over June's actual revenue. Give the projected revenue (rounded to two decimal places) and the percentage increase (rounded to two decimal places).

Answer Options

A. Projected revenue = 8350.00 ₦; percentage increase = 2.78%
B. Projected revenue = 8420.15 ₦; percentage increase = 4.00%
Correct Answer C. Projected revenue = 8393.33 ₦; percentage increase = 3.62%
D. Projected revenue = 8393.33 ₦; percentage increase = 4.10%
Correct Answer
C
Correct Option:
Projected revenue = 8393.33 ₦; percentage increase = 3.62%

About This Question

This is Neco 2018 Data Processing Question 30. It is one of the objective questions from the 2018 Neco Data Processing examination.

Difficulty level: Hard .

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