SOLUTION: In a certain​ country, total alcoholic beverage sales are reported throughout the year. Sales were reported as ​$115.1 billion at the beginning of 2005 and ​$130.8 billion at

Algebra ->  Finance -> SOLUTION: In a certain​ country, total alcoholic beverage sales are reported throughout the year. Sales were reported as ​$115.1 billion at the beginning of 2005 and ​$130.8 billion at      Log On


   

Question 1153735: In a certain​ country, total alcoholic beverage sales are reported throughout the year. Sales were reported as ​$115.1 billion at the beginning of 2005 and ​$130.8 billion at the beginning of 2007.
(a) Let the x-axis denote time and the y-axis denote the amount of alcohol sales (in billions). Let x=0 correspond to 2005. Fill in the blanks: The given data is represented by the points (____,115.1) and (2,____).
(b) Find the linear equation determined by the two points in part (a)
(c) Use the equation in part (b) to estimate the alcohol sales produced in 2006.
(d) If the model remains accurate, in what year will reported alcohol sales reach $170 billion?
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
You can start with the two described ordered pair (2005, 115.1) & (2007, 130.8): OR instead as (0, 115.1) & (2, 130.8) if you want x at 0 to stand for year 2005.