Julia, in the Budget Office of Artwork, Inc., knows the annual sales of the company for the last three years: $4.65 million, $4.42 million, and $4.17 million, respectively. She needs an estimate of fourth-year sales to develop a budget. Help Julia by finding a linear function to estimate fourth-year sales using the given data where x = 1, 2, 3 for first three years and y = annual sales. Use the following points. (a) (1, 4.65) and (2, 4.42) 3.96 (b) (1, 4.65) and (3, 4.17) 3.93 (c) (2, 4.42) and (3, 4.17) 3.92 Do the results in (a) through (c) suggest a linear trend? O The estimated sales are close and suggest a linear trend. The estimated sales are not close and do not suggest a linear trend.
Julia, in the Budget Office of Artwork, Inc., knows the annual sales of the company for the last three years: $4.65 million, $4.42 million, and $4.17 million, respectively. She needs an estimate of fourth-year sales to develop a budget. Help Julia by finding a linear function to estimate fourth-year sales using the given data where x = 1, 2, 3 for first three years and y = annual sales. Use the following points. (a) (1, 4.65) and (2, 4.42) 3.96 (b) (1, 4.65) and (3, 4.17) 3.93 (c) (2, 4.42) and (3, 4.17) 3.92 Do the results in (a) through (c) suggest a linear trend? O The estimated sales are close and suggest a linear trend. The estimated sales are not close and do not suggest a linear trend.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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Finite Mathematics
Transcribed Image Text:Julia, in the Budget Office of Artwork, Inc., knows the annual sales of the company for the last three years: $4.65 million, $4.42 million, and $4.17 million, respectively. She needs
an estimate of fourth-year sales to develop a budget. Help Julia by finding a linear function to estimate fourth-year sales using the given data where x = 1, 2, 3 for first three
years and y = annual sales.
Use the following points.
(a)
(1, 4.65) and (2, 4.42)
3.96
(b)
(1, 4.65) and (3, 4.17)
3.93
(c)
(2, 4.42) and (3, 4.17)
3.92
Do the results in (a) through (c) suggest a linear trend?
O The estimated sales are close and suggest a linear trend.
The estimated sales are not close and do not suggest a linear trend.
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