The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year Retail Sales 0 85.851 3 108.426 6 141.781 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. 220- 210 200 190- 180- 170 160- 150- 140- 130- 120 110- 100 90- 12 804 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2011. billions of dollars. Use the model to predict the year in which retails sales will be $248 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 0 85.851 3 108.426 6 141.781 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. 220- 210 200 190- 180- 170 160- 150- 140- 130- 120 110- 100 90- 12 804 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2011. billions of dollars. Use the model to predict the year in which retails sales will be $248 billion.

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 2P: The following table shows an example of gross domestic product values for five countries over six...

See similar textbooks

Similar questions

Determining cost of goods soldFor a recent year, Best Buy (BBY) reported sales of $39,528 million. Itsgross profit was $9,191 million. What was the amount of Best Buy's costof goods sold?
Solve this one
\table[[, This Year, Last Year], [\table[[Sales . . . . . . . . . . . .], [Cost of goods sold . . . . ]], \table[[$8,000,000
The following table shows an example of gross domestic product values for five countries over six years in equivalent U.S. dollars (). a. How could you improve the readability of this table? b. The file GDPyears contains sample data from the United Nations Statistics Division on 30 countries and their GDP values from Year 1 to Year 6 in US. Create a table that provides all these data for a user. Format the table to make it as easy to read as possible. Hint: It is generally not important for the user to know GDP to an exact dollar figure. It is typical to present GDP values in millions or billions of dollars.
Both answer
Your company has sales of $97,200 this year and cost of goods sold of $71,200. You forecast sales to increase to $113,100 next year. Using the percent of sales method, forecast next year's cost of goods sold.
The following table shows the income from sales of a certain magazine, measured in thousands of dollars, at the start of the given year. Year Income 2005 7.73 2006 8.76 2007 9.79 2008 10.82 2009 11.85 2010 13.15 2011 14.60 2012 16.21 Over an initial period the sales grew at a constant rate, and over the rest of the time the sales grew at a constant percentage rate. Calculate differences and ratios to determine what these time periods are. (Round your answers to two decimal places.) Interval New income(in thousands of dollars) Old income(in thousands of dollars) Difference New Old ratio 2005 to 2006 2006 to 2007 2007 to 2008 2008 to 2009 2009 to 2010 2010 to 2011 2011 to 2012 Find the growth rate or percentage growth rate, as appropriate. From 2005 to , the magazine sales exhibit a constant growth rate of thousand dollars per year. From to 2012, sales grew at a constant…
Need answer the question
Based on the following data for the current year, what is the number of days' sales in receivables? Assume 365-Day year. Sales on account during year $425,334 Cost of goods sold during year 211,989 Accounts receivable, beginning of year 43,627 Accounts receivable, end of year 51,814 Inventory, beginning of year 83,323 Inventory, end of year 108,050 Round your answer up to the nearest whole day. a. 182 b. 93 Ос. 82 d. 41
The following table shows an example of gross domestic product values for five countries from 2005 to 2010 in equivalent U.S. dollars (). a. How could you improve the readability of this table? b. The file GDPyears contains sample data from the United Nations Statistics Division on 30 countries and their GDP values from 2005 to 2010 in U.S. dollars (). Create a table that provides all these data for a user. Format the table to make it as easy to read as possible. Hint: It is generally not important for the user to know GDP to an exact dollar figure. It is typical to present GDP values in millions or billions of dollars.
1. Assume that sales in year 2002 was 145,280 and sales in year 2003 was 225,790. State the percentage increase of sales in DECIMAL FORM to the nearest two decimal places. (Example, if sales increased 70%, write your answer as .70 and do not write the % sign in your answer.
Ryngard Corp’s sales last year were $43,000 and it’s accounts recivable were $16,000. What was its Days Sales Outstanding ratio (DSO)? A.45 B.136 C.273 D.365