Month 2011 Sales
January 1,337.00
February 2,198.00
March 2,098.00
April 2,540.00
May 2,751.00
June 2,885.00
July 2,513.00
August 3,784.00
September 4,200.00
October 6,079.00
November 10,878.00
December 8,136.00
Month 2012 Sales
January 1,928.00
February 2,122.00
March 2,503.00
April 2,843.00
May 2,765.00
June 3,152.00
July 3,128.00
August 3,513.00
September 4,700.00
October 6,888.00
November 11,120.00
December 10,226.00
Month 2013 Sales
January 1,798.00
February 2,407.00
March 2,568.00
April 2,985.00
May 3,114.00
June 3,242.00
July 3,306.00
August 3,852.00
September 4,815.00
October 7,222.00
November 12,839.00
December 9,630.00
*Projected Sales for 2014:*
- a. *Projected Monthly Sales for 2014:*
- Using the formula:
\[ \text{Projected Monthly Sales for 2014} = \text{Average Monthly Sales for 2014} \times (1 + \text{Annual Rate of Change}) \]
give the formula and the answer
