Sales (in thousands) 1000- 500 1994 1996 1998 ● 2000 Year ● 2002 2004 2006 The sales (in 1000's) for a local car rental company during the time period 1995-2006 is shown in the graph above. The regression equation for these data is: Sales (in 1000's) = 38.213 (year) - 75818.8. Assuming the trend continues through 2009, what is the predicted sales for this car rental company in the year 2009?
Sales (in thousands) 1000- 500 1994 1996 1998 ● 2000 Year ● 2002 2004 2006 The sales (in 1000's) for a local car rental company during the time period 1995-2006 is shown in the graph above. The regression equation for these data is: Sales (in 1000's) = 38.213 (year) - 75818.8. Assuming the trend continues through 2009, what is the predicted sales for this car rental company in the year 2009?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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![The graph displays the sales (in thousands) for a local car rental company from 1995 to 2006. The x-axis represents the years, while the y-axis represents sales in thousands. Data points on the graph show a trend of increasing sales over the period.
The regression equation provided for these data is:
\[ \text{Sales (in 1000's)} = 38.213 \times (\text{year}) - 75818.8. \]
To predict the sales for the car rental company in 2009, use the provided regression equation:
\[ \text{Sales (in 1000's)} = 38.213 \times 2009 - 75818.8. \]
Calculate this value to obtain the predicted sales for 2009.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7353de8a-3834-465a-af3b-558129de7e04%2F2bee1b68-9efe-4828-a4b6-df9960f9ad89%2Fmmykzlk_processed.png&w=3840&q=75)
Transcribed Image Text:The graph displays the sales (in thousands) for a local car rental company from 1995 to 2006. The x-axis represents the years, while the y-axis represents sales in thousands. Data points on the graph show a trend of increasing sales over the period.
The regression equation provided for these data is:
\[ \text{Sales (in 1000's)} = 38.213 \times (\text{year}) - 75818.8. \]
To predict the sales for the car rental company in 2009, use the provided regression equation:
\[ \text{Sales (in 1000's)} = 38.213 \times 2009 - 75818.8. \]
Calculate this value to obtain the predicted sales for 2009.
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