Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500per year.(i) Write down the trend equation.(ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales,find its expected sales in 2002.

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Answered: Example 18.14 The linear trend of sales…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Problem 1P

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U.S. health-care expenditures have been growing exponentially during the past two decades. In 2008, expenditures were 2.4 trillion dollars with a growth rate of 9%. Lawmakers hope to decrease the annual growth rate to 2%. Compare the two rates graphically and algebraically as follows. (a) For each growth rate, find an exponential model for the health-care expenditures t years since 2008. f9%(t) = f2%(t) = (c) Find the predicted health-care expenditures in 2020 for each model. (Round your answer to two decimal places.) f9%(12) = trillion dollars f2%(12) = trillion dollars

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Example 18.14 The linear trend of sales of a company is Rs 6,50,000 in 1995 and it rises by Rs 16,500 per year. (i) Write down the trend equation. (ii) If the company knows that its sales in 2002 will be 10 percent below the forecasted trend sales, find its expected sales in 2002.