Walmart Revenue The annual revenue of Walmart is given in the table below (source e). |Walmart Annual Revenue (Billions of US dollars) Year 2021 559.151 2020 523.964 2019 514.405 2018 500.343 2017 485.873 2016 482.130 2015 485.651 2014 476.294 2013 468.651 2012 446.509 2011 421.849 2010 408.085 2009 404.254 2008 377.023 2007 348.368 |312.101 284.310 2006 2005 Apply linear regression to the data in the table to find a model y = ma +b. where y is Walmart's annual revenue in billions of US dollars, and ar is the number of years since 2000. Use the model y = mæ + b with m rounded to the nearest tenth and rounded to the nearest hundredth to answer the questions 1-7 below.
Walmart Revenue The annual revenue of Walmart is given in the table below (source e). |Walmart Annual Revenue (Billions of US dollars) Year 2021 559.151 2020 523.964 2019 514.405 2018 500.343 2017 485.873 2016 482.130 2015 485.651 2014 476.294 2013 468.651 2012 446.509 2011 421.849 2010 408.085 2009 404.254 2008 377.023 2007 348.368 |312.101 284.310 2006 2005 Apply linear regression to the data in the table to find a model y = ma +b. where y is Walmart's annual revenue in billions of US dollars, and ar is the number of years since 2000. Use the model y = mæ + b with m rounded to the nearest tenth and rounded to the nearest hundredth to answer the questions 1-7 below.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.2: Determinants
Problem 11AEXP
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Transcribed Image Text:Use the model found above to answer this question.
The value a = 6 should be used in the model to predict the revenue of Walmart in what year?
Transcribed Image Text:Walmart Revenue
The annual revenue of Walmart is given in the table below (source e).
Walmart Annual
Revenue
(Billions of US dollars)
Year
2021
559.151
2020
523.964
2019
514.405
2018
500.343
2017
485.873
2016
482.130
2015
485.651
2014
476.294
2013
468.651
2012
446.509
2011
421.849
2010
408.085
2009
404.254
2008
377.023
2007
348.368
2006
312.101
2005
284.310
Apply linear regression to the data in the table to find a model
y = mæ + b.
where y is Walmart's annual revenue in billions of US dollars, and r is the number of years since
2000.
Use the model y = ma + b with m rounded to the nearest tenth and rounded to the nearest
hundredth to answer the questions 1-7 below.
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