|(Billions of US dollars) 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 = mx + b, where y is Walmart's annual revenue in billions of US dollars, and x is the number years since 2000.
|(Billions of US dollars) 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 = mx + b, where y is Walmart's annual revenue in billions of US dollars, and x is the number years since 2000.
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
linear 3
Transcribed Image Text:Walmart Annual
Revenue
(Billions of US
Year
dollars)
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
= mx + b,
where y is Walmart's annual revenue in billions of US dollars, and x is the number of
years since 2000.
Transcribed Image Text:Use the model found above to answer this question.
The value x
57 should be used in the model to predict the revenue of Walmart in
what year?
2,041
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
please answer this in what year?
Use the model found above to answer this question.
The value x= 20 should be used in the model to predict the revenue of Walmart in what year?
Solution
by Bartleby ExpertRecommended 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