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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc4e4a331-de9f-4f44-bf90-60b228d3a50a%2F63989c07-bca3-405b-86a1-2d84d0cec786%2Fqaejk7w_processed.jpeg&w=3840&q=75)
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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