Question

The total number of hospital admissons in the tri-county area during January of 2015 was 2400 patients. The seasonal index corresponding to the number of patients for the month of January is 80%. Approximately, how many total nimber of hospital admissons will there be for the entire year of 2015?

a)12,000

b)36,000

c)23,040

d) Nobe of the forecats here

e)480

Answer 1

A season index is defined by:

Given

Seasonal index = 80% = 0.80

Value for the month of January = 2400

Now

Value for 12 months = 3000 * 12 = 36000

Approximately, the total number of hospital admissons for the entire year of 2015 = 36000

Therefore, the correct option is b) 36000