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.
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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