Satellite Television: Two competing companies offer satellite television to a city with 100,000 households. Gold Satellite System has 25,000 subscribers and Galaxy Satellite Network has 30,000 subscribers. (The other 45,000 households do not subscribe.) The matrix shows the percent changes in satellite subscriptions each year.
(a) Find the number of subscribers each company will have in 1 year using matrix multiplication. Explain how you obtained your answer.
(b) Find the number of subscribers each company will have in 2 years using matrix multiplication. Explain how you obtained your answer.
(c) Find the number of subscribers each company will have in 3 years using matrix multiplication. Explain how you obtained your answer.
(d) What is happening to the number of subscribers to each company? What is happening to the number of nonsubscribers?
Trending nowThis is a popular solution!
Chapter 7 Solutions
EBK COLLEGE ALGEBRA
- Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 98 Company D 5.5 35 Сompany E 4.2 40 Company F 3.3 32 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 合160, 140- 160 160, 160, 140- 120- 140 140- 120 120 120 100 100 100 100 80 80 80 80 60 60 60 60 ... 40- 20- 40 .. 40 ... 40 20- 20- 20- 6 10 12 2 6 8 10 12 2 6 10 12 2 14 4 14 4 14 6 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship…arrow_forwardCompanies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 102 Company D 5.5 37 Company E 4.2 38 Company F 3.3 34 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160 T 2 160 160 T 160- 140 140 140- 140 120 120 120 120- 100 100 100- 100- 80 80 80 80- 60 60 60 60 ... 40 ... 40 40 ... 40 20 20 20 20 4 6. 8 10 12 14 6. 8 10 12 14 2 4 8 10 12 14 4 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship…arrow_forwardCompanies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 30 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160 T 160- 1601 140 140 140 120- E 120- 120- 100 100 100- 80 80 80 CO 60 60 60 40 40 40 20 20 20- 6 8 10 12 14 4 6 8 10 12 14 Cars in Service (1,000s). ● 4 6 8 10 12 14 Cars in Service (1,000) 4 Cars in Service (1,000) Ⓡ 0 4 6 8 10 14 O Cars in Service (1,000) (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? O There…arrow_forward
- Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars (1,000s) Revenue ($ millions) Company A 11.5 116 Company B 10 137 Company C 9 102 Company D 5.5 39 Company E 4.2 38 Company F 3.3 30 (a) Develop a scatter diagram with the number of cars in service as the independent variable. (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? (c) Use the least squares method to develop the estimated regression equation that can be used to predict annual revenue (in $ millions) given the number of cars in service (in 1,000s). (Round your numerical values to three decimal…arrow_forwardCompanies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars(1,000s) Revenue($ millions) Company A 11.5 116 Company B 10.0 133 Company C 9.0 98 Company D 5.5 37 Company E 4.2 40 Company F 3.3 32 a.Use the least squares method to develop the estimated regression equation that can be used to predict annual revenue (in $ millions) given the number of cars in service (in 1,000s). (Round your numerical values to three decimal places.) b. For every additional car placed in service, estimate how much annual revenue will change (in dollars). (Round your answer to the nearest integer.) Annual revenue will increase by $ , for every additional car placed in…arrow_forwardCompanies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars(1,000s) Revenue($ millions) Company A 11.5 118 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 32 (a) Develop a scatter diagram with the number of cars in service as the independent variable. A scatter diagram has 6 points plotted on it. The horizontal axis ranges from 0 to 14 and is labeled: Cars in Service (1,000s). The vertical axis ranges from 0 to 160 and is labeled: Annual Revenue ($ millions). The points are plotted from left to right in an upward, diagonal direction starting from the lower left corner of the diagram and are between 3 to 12 on…arrow_forward
- Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars(1,000s) Revenue($ millions) Company A 11.5 118 Company B 10.0 133 Company C 9.0 98 Company D 5.5 37 Company E 4.2 40 Company F 3.3 30 (a) Develop a scatter diagram with the number of cars in service as the independent variable. A scatter diagram has 6 points plotted on it. The horizontal axis ranges from 0 to 14 and is labeled: Cars in Service (1,000s). The vertical axis ranges from 0 to 160 and is labeled: Annual Revenue ($ millions). The points are plotted from left to right in an upward, diagonal direction starting from the lower left corner of the diagram and are between 3 to 12 on…arrow_forwardA company produces handmade shawls and afghans. They spin the yarn, dye it, and then weave it. A shawl requires 1 hour of spinning, 1 hour of dyeing, and 1 hour of weaving. An afghan requires 1 hour of spinning, 2 hours of dyeing, and 4 hours of weaving. There are at most 8 hours available each day for spinning, 10 hours for dyeing, and 16 hours for weaving. Summarize the data in a table. Use the table to write a system of inequalities. Then graph the feasible region. Complete the table. Hours Hours Number Spinning Dyeing Shawls x Afghans y Maximum Number of Hours Available 8 10 Hours Weaving 16arrow_forwardGoogle has changed its strategy with regard to how much and over which media it invests in advertising. The following table shows Google's marketing budget in millions of dollars for 2008 and 2011 (The Wall Street Journal, March 27, 2012). 2008 2011 Internet $26.0 $123.3 Newspaper, etc. $4.0 $20.7 Television $0.0 $69.3 a. Select a side-by-side bar chart with year as the variable on the horizontal axis.arrow_forward
- Over the span of a month, a school tracks student choices at lunch. They find that 56% of all students buy milk with lunch and 32% buy a piece of fruit. If 22% of all students buy both milk and fruit, which of the following represents the percent of students who buy neither? (1) 28% (3) 42% (2) 34% (4) 46%arrow_forwardWhat is the linear pattern of 4500 students in 2014 and 3700 students in 2019arrow_forwardSC Español The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably depending on the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same 8 days, chosen at random. She records the sales (in dollars) for each store on these days, as shown in the table below. Day 1 2 3 4 5 6 7 8 Store 1 878 511 837 835 755 241 713 443 D Store 2 685 412 785 763 480 173 639 287 Difference (Store 1 - Store 2) 193 99 52 72 275 68 74 156 Send data to calculator V Based on these data, can the owner conclude, at the 0.05 level of significance, that the mean daily sales of the two stores differ? Answer this question by performing a hypothesis test regarding μ (which is u with a letter "d" subscript), the population mean daily sales difference between the two stores. Assume that this population of differences (Store 1 minus Store 2) is…arrow_forward