Carbondale Hospital Considering Purchase New Ambulance Decision Rest Partly Anticipated Mi Q35141162

The Carbondale Hospital is considering the purchase of a newambulance. The decision will rest partly on the anticipated mileageto be driven next year. The miles driven during the past 5 yearsare as​ follows:

                                                                                                                 

Year

1

2

3

4

5

Mileage

3,100

4,000

3,500

3, 850

3,700

​a) Using a​ 2-year moving​ average, the forecast for year 6​=3775

miles ​(round your response to the nearest whole​ number).

​b) If a​ 2-year moving average is used to make the​ forecast,the MAD based on this​ = ______miles ​(round your response to onedecimal​ place). ​ (Hint: You will have only 3 years of matched​data.)

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