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4.- The following table gives the total sales (revenue) and profits of 8 retailers •Total sales and revenues for 8 retailers Company Total sales Profits (millions of $) (millions of $) Adams 9.5 0.5 Browns 22.0 1.4 Clay 35.0 1.8 Domers 64.0 3.0 Esters 27.5 0.9 Framer 45.0 2.6 Gillies 15.0 0.8 Hays 57.0 2.2 Let p be the revenue of profits for 8 retailers at t total sales. A reasonable model is p = 0.04t +0.17 Construct a scatterplot. a) d) Direction: What does it mean in this situation? c) [ What is the p-intercept? What does it mean in this situation? C.₁ Use the model to estimate revenue of profits for a company with total sales of $55.5 million. Did you perform interpolation or extrapolation?

4.- The following table gives the total sales (revenue) and profits of 8 retailers •Total sales and revenues for 8 retailers Company Total sales Profits (millions of $) (millions of $) Adams 9.5 0.5 Browns 22.0 1.4 Clay 35.0 1.8 Domers 64.0 3.0 Esters 27.5 0.9 Framer 45.0 2.6 Gillies 15.0 0.8 Hays 57.0 2.2 Let p be the revenue of profits for 8 retailers at t total sales. A reasonable model is p = 0.04t +0.17 Construct a scatterplot. a) d) Direction: What does it mean in this situation? c) [ What is the p-intercept? What does it mean in this situation? C.₁ Use the model to estimate revenue of profits for a company with total sales of $55.5 million. Did you perform interpolation or extrapolation?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter4: Factors, Fractions, And Exponents
Section4.4: Least Common Multiple
Problem 64E
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4. The following table gives the total sales (revenue) and profits of 8 retailers Total sales and revenues for 8 retailers Company Total sales Profits (millions of 5) (millions of $) Adams 9.5 0.5 Browns 22.0 1.4 35.0 1.8 Clay Domers 64.0 3.0 Esters 27.5 0.9 Framer 45.0 2.6 Gillies 15.0 0.8 Hays 57.0 2.2 Let p be the revenue of profits for 8 retailers at t total sales. A reasonable model is p = 0.04t +0.17 Construct a scatterplot. a) d) Direction: What does it mean in this situation? c) [ What is the p- intercept? What does it mean in this situation? C.₁ Use the model to estimate revenue of profits for a company with total sales of $55.5 million. Did you perform interpolation or extrapolation?
Transcribed Image Text:4. The following table gives the total sales (revenue) and profits of 8 retailers Total sales and revenues for 8 retailers Company Total sales Profits (millions of 5) (millions of $) Adams 9.5 0.5 Browns 22.0 1.4 35.0 1.8 Clay Domers 64.0 3.0 Esters 27.5 0.9 Framer 45.0 2.6 Gillies 15.0 0.8 Hays 57.0 2.2 Let p be the revenue of profits for 8 retailers at t total sales. A reasonable model is p = 0.04t +0.17 Construct a scatterplot. a) d) Direction: What does it mean in this situation? c) [ What is the p- intercept? What does it mean in this situation? C.₁ Use the model to estimate revenue of profits for a company with total sales of $55.5 million. Did you perform interpolation or extrapolation?
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