Walmart Revenue The annual revenue of Walmart is given in the table below (source B). Walmart Annual Revenue (Billions of US dollars) 559.151 523.964 514.405 500.343 485.873 482.130 485.651 476.294 468.651 446.509 421.849 408.085 404.254 377.023 348.368 312.101 284.310 Year 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 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 is the number of years since 2000. Use the model y = mx + b with m rounded to the nearest tenth and b rounded to the nearest

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Walmart Revenue
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
Transcribed Image Text:Walmart Revenue 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
What is the estimated revenue of Walmart in 2046?
billion US dollars. Round to the nearest billion US dollars.
Transcribed Image Text:What is the estimated revenue of Walmart in 2046? billion US dollars. Round to the nearest billion US dollars.
Expert Solution
Step 1

Given:
A table of data:

X y
559.151 2021
523.964 2020
514.405 2019
200.343 2018
485.873 2017
482.13 2016
485.651 2015
476.294 2014
468.651 2013
446.509 2012
421.849 2011
408.085 2010
404.254 2009
377.023 2008
348.368 2007
312.101 2006
284.31 2005

To Find:
Applying linear regression to the given data in the table we have to find a model y=mx+b;
Where y is Walmart's annual revenue in billions of US dollars, and x is the number of years.

Also, find the estimated revenue of Walmart in 2046.

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