Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500per year.(i) Write down the trend equation.(ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales,find its expected sales in 2002.

Answered: Image /qna-images/answer/24f044da-33c6-4032-9cac-d8fc6824bed1.jpg

Answered: Example 18.14 The linear trend of sales…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 19PFA

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Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales, find its expected sales in 2002.