Estimate the retails sales in the U. S. in 2017. billions of dollars. Use the model to predict the year in which retails sales will be $240 billion.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 2P: Demand for Soft Drinks A convenience store manager notices that sales of soft drink are higher on...
icon
Related questions
Topic Video
Question
The following table shows retail sales in drug stores in billions of dollars in the u.s. for years since 1995
Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is
F(t):
= 9.44t + 84.182.
nt
220
210
th
200
190
180
170
160
150
140
130
120
110
100
90
12
15
804
Use the above scatter plot to decide whether the linear model fits the data well.
O The function is a good model for the data.
O The function is not a good model for the data
Estimate the retails sales in the U. S. in 2017.
billions of dollars.
Use the model to predict the year in which retails sales will be $240 billion.
Transcribed Image Text:Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t): = 9.44t + 84.182. nt 220 210 th 200 190 180 170 160 150 140 130 120 110 100 90 12 15 804 Use the above scatter plot to decide whether the linear model fits the data well. O The function is a good model for the data. O The function is not a good model for the data Estimate the retails sales in the U. S. in 2017. billions of dollars. Use the model to predict the year in which retails sales will be $240 billion.
The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995.
Year
Retail Sales
85.851
3
108.426
141.781
9.
169.256
12
202.297
15
222.266
Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is
F(t) = 9.44t + 84.182.
%3D
220
210
200
190
180
170
160
150-
140
130
120
110
Transcribed Image Text:The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year Retail Sales 85.851 3 108.426 141.781 9. 169.256 12 202.297 15 222.266 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t) = 9.44t + 84.182. %3D 220 210 200 190 180 170 160 150- 140 130 120 110
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

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, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax