The number of pending corporate fraud cases in federal court stood at 545 at the beginning of 2008 (t = 0). The number of cases had grown to 726 at the beginning of 2012. Assume the growth has been approximately linear. Develop the equation of the line that describes this linear growth. Then use that linear equation to estimate the number of cases pending at the beginning of 2014, assuming that the linear growth continues at the same rate.

The number of pending corporate fraud cases in federal court stood at 545 at the beginning of 2008 (t = 0). The number of cases had grown to 726 at the beginning of 2012. Assume the growth has been approximately linear. Develop the equation of the line that describes this linear growth. Then use that linear equation to estimate the number of cases pending at the beginning of 2014, assuming that the linear growth continues at the same rate.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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