Walmart annual/quarterly revenue history and growth rate from 2010 to 2022. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Walmart revenue for the quarter ending July 31, 2022 was $152.859B, a 8.37% increase year-over-year. Walmart revenue for the twelve months ending July 31, 2022 was $587.824B, a 3.83% increase year-over-year. Walmart annual revenue for 2022 was $572.754B, a 2.43% increase from 2021. Walmart annual revenue for 2021 was $559.151B, a 6.72% increase from 2020. Walmart annual revenue for 2020 was $523.964B, a 1.86% increase from 2019. 1. Use the model found above to answer this question. What is the slope m? Round to the nearest tenth (1 decimal place). 2. Use the model found above to answer this question. What is the intercept b? Round to the nearest integer.
Walmart annual/quarterly revenue history and growth rate from 2010 to 2022. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Walmart revenue for the quarter ending July 31, 2022 was $152.859B, a 8.37% increase year-over-year. Walmart revenue for the twelve months ending July 31, 2022 was $587.824B, a 3.83% increase year-over-year. Walmart annual revenue for 2022 was $572.754B, a 2.43% increase from 2021. Walmart annual revenue for 2021 was $559.151B, a 6.72% increase from 2020. Walmart annual revenue for 2020 was $523.964B, a 1.86% increase from 2019. 1. Use the model found above to answer this question. What is the slope m? Round to the nearest tenth (1 decimal place). 2. Use the model found above to answer this question. What is the intercept b? Round to the nearest integer.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Walmart annual/quarterly revenue history and growth rate from 2010 to 2022. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.
- Walmart revenue for the quarter ending July 31, 2022 was $152.859B, a 8.37% increase year-over-year.
- Walmart revenue for the twelve months ending July 31, 2022 was $587.824B, a 3.83% increase year-over-year.
- Walmart annual revenue for 2022 was $572.754B, a 2.43% increase from 2021.
- Walmart annual revenue for 2021 was $559.151B, a 6.72% increase from 2020.
- Walmart annual revenue for 2020 was $523.964B, a 1.86% increase from 2019.
1. Use the model found above to answer this question.
What is the slope m? Round to the nearest tenth (1 decimal place).
2. Use the model found above to answer this question.
What is the intercept b? Round to the nearest integer.
Transcribed Image Text:The annual revenue of Walmart is given in the table below (source).
Walmart Annual
Revenue
(Billions of US dollars)
559.151
Year
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
523.964
514.405
500.343
485.873
482.130
485.651
476.294
468.651
446.509
421.849
408.085
404.254
377.023
348.368
312.101
284.310
Apply linear regression to the data in the table to find a model
y = mx + b,
where y is Walmart's annual revenue in billions of US dollars, and a is the number of years since
2000.
Use the model y = mx + b with m rounded to the nearest tenth and 6 rounded to the nearest
hundredth to answer the questions 1-7 below.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman