Concept explainers
Olympic 5000-Meters The accompanying graph shows the winning time (in minutes) at the Olympic Games from 1952 to 2016 for the men's 5000-meterrun, together with a linear approximation of these data. (Data from: The WorldAlmanac and Book of Facts: 2017.)
The equation for the linear approximation is
Luxury Handbags MichaelKors now dominates the handbag market in North America. In 2011, the company had 5% of the market;in 2015, it had 23%. (Data from: The Wall Street Journal.)
a. Write a linear equation expressing the percentage of the luxury handbag market y that Michael Kors had x years after 2000.
b. What was the percentage of the market that Michael Kors had in 2013?
c. If the trend continues, what will be the first full year in which Michael Kors had 30% of the market?
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Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
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