SOLUTION: The number of pending corporate fraud cases stood at 545 at the begining of 2008 (t=0)
and was approximately linear.
a. Derive an equation of the line passing through the points
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Question 1129820: The number of pending corporate fraud cases stood at 545 at the begining of 2008 (t=0)
and was approximately linear.
a. Derive an equation of the line passing through the points A (0.545) and B (4,726).
b. Plot the line with the equation found in part a .
c. Use the equation found in part (a) to estimate the number of pending corporate fraud cases at the beginning of 2014.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The number of pending corporate fraud cases stood at 545 at the begining of 2008 (t=0)
and was approximately linear.
a. Derive an equation of the line passing through the points A (0,545) and B (4,726).
c = mt + k
slope = m = (726-545)/(4-0) = 45.25
c(0) = 545
Equation:: c = 45.25t + 545
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b. Plot the line with the equation found in part a .
Note:: If t = 0 for 2008, t = 6 for 2014
c. Use the equation found in part (a) to estimate the number of pending corporate fraud cases at the beginning of 2014.
Ans::c(6) = 816.53
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Cheers,
Stan H.
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