The sales S (in billions of dollars) for Walgreens from 2000 through 2010 can be modeled by the exponential function S(t) = 22.52(1.125)t where t is the time in years, with t = 0 corresponding to 2000. (Round your answers to two decimal places.) (a) Use the model to estimate the sales in 2015 in billions?(b) Use the model to estimate the sales in 2018?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The sales S (in billions of dollars) for Walgreens from 2000 through 2010 can be modeled by the exponential function
where t is the time in years, with
corresponding to 2000. (Round your answers to two decimal places.)
(b) Use the model to estimate the sales in 2018?
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