Reference no: EM132975765

Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them.

Demand for the players for last year was as follows:

MONTH          DEMAND (UNITS)
January           4,100
February           4,200
March                3,900
April                  4,300
May                 4,900
June               4,600
July               5,200
August              4,800
September           5,300
October               5,600
November            6,200
December             5,900

Problem a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Problem ?b. To be reasonably confident of meeting demand, Nina decides to use 4 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round your answer to the nearest whole number.)