Question 1055839: The table shows the price in millions of shoes from 1998 - 2004
Table: https://s17.postimg.org/8pulkfrxb/shoes.png
According to this model, what will the Sales be in 2010?
A.) 1214 million dollars
B.) 2007 million dollars
C.) 1920 million dollars
D.) 2243 million dollars
Thank you
Answer by Boreal(15235)   (Show Source):
You can put this solution on YOUR website! From 1998-2004, the sales increased from 1469 to 1838 million. That is 369 million over that period. The next 6 year period would be expected to increase at the same rate, barring any other changes. The changes aren't exactly the same from year to year, but they average out over time. From 2004-2010, the exact number predicted could be done using regression, but given the choices, I would add another 369 million and get 2207 million, which is close to 2243 million, and D is the only close answer.
|
|
|
