The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. i billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (tot cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select-- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Rou your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be
The total revenue for Costco Wholesale Corporation is given here. Total Revenue Year (billions of $) 2012 99.10 2013 105.16 2014 112.64 2015 116.20 2016 118.72 (a) What variables are appropriate? O C (total cost for Costco Wholesale Corp. in billions of $) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and R (total revenue for Costco Wholesale Corp. i billions of $) Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in billions of $) ot (years since 2010) and C (total cost for Costco Wholesale Corp. in billions of $) OR (total revenue for Costco Wholesale Corp. in billions of $) and C (tot cost for Costco Wholesale Corp. in billions of $) (b) Find an equation for a model of these data. (Use the first and last values in the table to calculate your equation. Round the slope to two decimal places and the vertical intercept to one decimal place.) ---Select-- (c) What is the slope of this model? Explain its meaning in this situation. O The slope is 4.91. Each year the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Each year the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. O The slope is 4.91. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $4.91 billion. O The slope is 89.3. Over this time period, the total revenue for Costco Wholesale Corp. goes up by about $89.3 billion. (d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Rou your answer to the nearest tenth of a billion dollars. Include units in your answer. More information.) In 2022, the total revenue for Costco Wholesale Corp. is estimated to be
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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Question
Transcribed Image Text:The total revenue for Costco Wholesale Corporation is given here.
Total Revenue
Year
(billions of $)
2012
99.10
2013
105.16
2014
112.64
2015
116.20
2016
118.72
(a) What variables are appropriate?
O C (total cost for Costco Wholesale Corp. in billions of $) and P (total
profit for Costco Wholesale Corp. in billions of $)
ot (years since 2010) and R (total revenue for Costco Wholesale Corp. in
billions of $)
Ot (years since 2010) and P (total profit for Costco Wholesale Corp. in
billions of $)
Ot (years since 2010) and C (total cost for Costco Wholesale Corp. in
billions of $)
OR (total revenue for Costco Wholesale Corp. in billions of $) and C (total
cost for Costco Wholesale Corp. in billions of $)
(b) Find an equation for a model of these data. (Use the first and last values in
the table to calculate your equation. Round the slope to two decimal places
and the vertical intercept to one decimal place.)
---Select---
(c) What is the slope of this model? Explain its meaning in this situation.
O The slope is 4.91. Each year the total revenue for Costco Wholesale
Corp. goes up by about $4.91 billion.
O The slope is 89.3. Each year the total revenue for Costco Wholesale
Corp. goes up by about $89.3 billion.
O The slope is 4.91. Over this time period, the total revenue for Costco
Wholesale Corp. goes up by about $4.91 billion.
O The slope is 89.3. Over this time period, the total revenue for Costco
Wholesale Corp. goes up by about $89.3 billion.
(d) Estimate the total revenue for Costco Wholesale Corporation in 2022. (Round
your answer to the nearest tenth of a billion dollars. Include units in your
answer. More information.)
In 2022, the total revenue for Costco Wholesale Corp. is estimated to be
Expert Solution
Step 1
The total revenue for Costco wholesale Corporation is given by
Year Total revenue (billions of $)
2012 99.10
2013 105.16
2014 112.64
2015 116.20
2016 118.72
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