Answered: The income of a small business for… | bartleby

Advanced Engineering Mathematics

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

The income of a small business for several years is given in the table below.
Thousands of
Dollars
Year
2000
17.4
2001
59.8
71.2
71
2002
2003
2004
63.2
60.2
77.6
2005
2006
2007
115.4
a) Perform regression to find a cubic polynomial that fits the data. Use years since 2000 as your inputs x.
p(x) =
Round all values to 4 decimal places.
b) Use the model to predict the income of the business in 2010.
thousand dollars
Round to 2 decimal places.
c) Use the model to predict when the business income will reach $1,000,000.
Round to the nearest whole year.

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