The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year 0 3 6 9 12 15 Retail Sales 85.851 108.426 141.781 169.256 202.297 222.266 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is PLAY 180
The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year 0 3 6 9 12 15 Retail Sales 85.851 108.426 141.781 169.256 202.297 222.266 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is PLAY 180
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Transcribed Image Text: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 retail sales in billions of dollars in \( t \) years since 1995. A linear model for the data is \( F(t) = 9.44t + 84.182 \).
The graph accompanying the data is a scatter plot with retail sales (in billions of dollars) on the y-axis and years since 1995 on the x-axis. The points represent sales for given years, and there is a linear trend line indicating the model \( F(t) = 9.44t + 84.182 \).
- **Graph Description:**
- The x-axis is labeled with years since 1995 (0, 3, 6, 9, 12, 15).
- The y-axis is labeled with sales values, ranging from 80 to 240 billion dollars.
- Data points are plotted for each year, and a linear trend line closely follows these points.
Use the above scatter plot to decide whether the linear model fits the data well.
- ○ The function is not a good model for the data
- ○ The function is a good model for the data.
Estimate the retail sales in the U.S. in 2014. ______ billions of dollars.
Use the model to predict the year that corresponds to retail sales of 233 billion. ______.
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