document.write( "Question 85289: The total revenue of Retailers,Inc. increased according to the following table:\r
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document.write( "Year x since 1997 Total Revenue, R (millions $)
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document.write( "1997, x = 0 $22
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document.write( "1998, x = 1 $23
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document.write( "1999, x = 2 $27
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document.write( "2000, x = 3 $31
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document.write( "2001, x = 4 $33
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document.write( "2002, x = 5 $38
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document.write( "Use the points (1,23) and (5,38) to find the equation of the function that fits this data.
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document.write( "Now estimate the total revenue in the year 2008.
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Algebra.Com's Answer #61469 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! 2002, x = 5 $38\r \n" ); document.write( "\n" ); document.write( "Use the points (1,23) and (5,38) to find the equation of the function that fits this data. \n" ); document.write( "Now estimate the total revenue in the year 2008. \n" ); document.write( "---------------- \n" ); document.write( "slope = [38-23]/[5-1] = 15/4 \n" ); document.write( "If y=23 when x=1 and slope = 15/4, then: \n" ); document.write( "23 = (15/4)1+b \n" ); document.write( "b= (92-15)/4 \n" ); document.write( "b= 77/4 \n" ); document.write( "EQUATION: \n" ); document.write( "Revenue = (15/4)(year) + 77/4 \n" ); document.write( "\"year\" for 2008 = 2002+6 = 5+6=11 \n" ); document.write( "------------ \n" ); document.write( "Revenue(11) =(15/4)*11 + 77/4 \n" ); document.write( "Revenue (2008) = 165/4 + 77/4 = 242/4 = $60.50 \n" ); document.write( "========= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |