FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The annual net income of MAC Industries since 2005 is given below. \table[[Yearst (since 2005), 1,4,6, 12, 15],[Net
Income, $1,500, $2,500, $2,875, $2,850, $2,250
1. The annual net income of MAC Industries since 2005 is given
below.
Years t (since 2005)
Net Income
1
4
6
12
15
$1,500 $2,500 $2,875 $2,850 $2,250
a. Create a scatter plot that includes your curve of best fit on
top of the data. You should try several functions and make
your choice based on best r-squared value.
b. Find the year that Net Income was at its highest point.
c. What was the income in that year?
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Transcribed Image Text:The annual net income of MAC Industries since 2005 is given below. \table[[Yearst (since 2005), 1,4,6, 12, 15],[Net Income, $1,500, $2,500, $2,875, $2,850, $2,250 1. The annual net income of MAC Industries since 2005 is given below. Years t (since 2005) Net Income 1 4 6 12 15 $1,500 $2,500 $2,875 $2,850 $2,250 a. Create a scatter plot that includes your curve of best fit on top of the data. You should try several functions and make your choice based on best r-squared value. b. Find the year that Net Income was at its highest point. c. What was the income in that year?
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