Concept explainers
Use the table below and a graphing calculator for Exercises 7 through 10.
According to the data, what will the estimated gross revenue be in 2015?
To determine the gross revenue in 2015.
Answer to Problem 10P
The gross revenue of 2015 shall be around 11790 million dollars.
Explanation of Solution
Given information:
Best line for given scattered data is
Now we have to find estimated gross revenue in 2015 that is after 16 years.
Hence we put
We get
Hence the gross revenue of 2015 shall be around 11790 million dollars.
Chapter 5 Solutions
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