Homework Help is Here – Start Your Trial Now!
Math
Algebra
The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. i billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (tot cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select-- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Rou your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be

The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. i billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (tot cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select-- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Rou your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 11E
See similar textbooks
icon
Related questions
Topic Video
Question
The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. in billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) Ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (total cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select--- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Round your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be
Transcribed Image Text:The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. in billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) Ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (total cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select--- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Round your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be
Expert Solution
Step 1

The total revenue for Costco wholesale Corporation is given by

         Year                  Total revenue (billions of $)

          2012                   99.10

          2013                   105.16

          2014                    112.64

          2015                    116.20

          2016                    118.72

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
SEE MORE TEXTBOOKS