Chapter 4.2, Problem 45E

(a)

To determine

Whether the model $R=0.23e^{0.228t}$ where t represents the year will be fitted in the data for the period $2007-2014$ when the table representing the revenues R (in billions of dollars) earned by the Netflix during the period $2007-2014$ is as follows:

Year	$2007$	$2008$	$2009$	$2010$	$2011$	$2012$	$2013$	$2014$
Revenue	$1.21$	$1.36$	$1.67$	$2.16$	$3.20$	$3.61$	$4.37$	$5.50$

(b)

To determine

To calculate: The linear model for the provided data and determine whether the linear model will be fitted in the data for the period $2007-2014$ and also determine the best fit model from the given exponential model and the obtained linear model when the table representing the revenues R (in billions of dollars) earned by the Netflix during the period $2007-2014$ is as follows:

Year	$2007$	$2008$	$2009$	$2010$	$2011$	$2012$	$2013$	$2014$
Revenue	$1.21$	$1.36$	$1.67$	$2.16$	$3.20$	$3.61$	$4.37$	$5.50$

(c)

To determine

To calculate: The year in which the revenue would exceed $20$ billion dollars by using the exponential model $R=0.23e^{0.228t}$ and the linear model $R=0.618t-3.61$.