Profit The net profits P (in millions of dollars) of Express Scripts from 2004 through 2013 are shown in the table.
Year | 2004 | 2005 | 2006 | 2007 | 2008 | ||||||
Profit | 300.1 | 388.1 | 468.7 | 620.6 | 779.6 | ||||||
Year | 2009 | 2010 | 2011 | 2012 | 2013 | ||||||
Profit | 826.5 | 1204.6 | 1275.8 | 1340.5 | 1898.2 |
Spreadsheet at Larson Applied Calculus.com
A model for these data is given by
(a) How well does the model fit the data?
(b) Find a linear model for the data. How well does the linear model fit the data? Which model, exponential or linear, is a better fit?
(c) Use both models to predict the net profit in 2018.
Single Variable Calculus: Early Transcendentals, Volume I
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Introduction To Statistics And Data Analysis
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