Ámazon Revenue The annual revenue of Amazon is given in the table below (source ¤ ). Amazon Annual Year Revenue |(Billions of US dollars) 2020 386.064 2019 280.522 2018 232.887 2017 177.866 2016 135.987 2015 107.006 2014 88.988 2013 74.452 2012 61.093 2011 |48.077 2010 34.204 See the Regression page in the Getting Started module for details on creating a regression model. Apply linear regression to the data in the table to find a model y = mx + b, where y is Amazon's annual revenue in billions of US dollars, and x is the number of years since 2010. Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest hundredth to answer the questions 1-7 below.
Ámazon Revenue The annual revenue of Amazon is given in the table below (source ¤ ). Amazon Annual Year Revenue |(Billions of US dollars) 2020 386.064 2019 280.522 2018 232.887 2017 177.866 2016 135.987 2015 107.006 2014 88.988 2013 74.452 2012 61.093 2011 |48.077 2010 34.204 See the Regression page in the Getting Started module for details on creating a regression model. Apply linear regression to the data in the table to find a model y = mx + b, where y is Amazon's annual revenue in billions of US dollars, and x is the number of years since 2010. Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest hundredth to answer the questions 1-7 below.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
7

Transcribed Image Text:Amazon Revenue
The annual revenue of Amazon is given in the table below (source e ).
Amazon Annual
Revenue
(Billions of US dollars)
Year
2020
386.064
2019
280.522
2018
232.887
2017
|177.866
2016
135.987
2015
107.006
2014
88.988
2013
74.452
2012
61.093
2011
48.077
2010
34.204
See the Regression page in the Getting Started module for details on creating a regression model.
Apply linear regression to the data in the table to find a model
= mx + b,
where y is Amazon's annual revenue in billions of US dollars, and x is the number of years since
2010.
Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest
hundredth to answer the questions 1-7 below.

Transcribed Image Text:Use the model found above to answer this question.
Using the revenue data for Yaster Inc. for the past few years, we
apply linear regression to the data to find a model
у 3 33.4 х — 87.33,
where y is Yaster's annual revenue in billions of US dollars, and x
is the number of years since 2010. Use this model, together
with the revenue model you found for Amazon to answer the
question below.
When will Yaster's revenue overtake Amazon?
Note: I am asking for the year, not the number of years since
2010. This may happen between two years. Round to the
nearest year.
2,048
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 5 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman