The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year Retail Sales 0 85.851 3 108.426 6 141.781 9 169.256 12 202.297 15 222.266 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t) 9.44t+84.182. 220- 210 200 190- 180- 170 160- 150- 140- 130- 120 110- 100 90- 12 804 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2011. billions of dollars. Use the model to predict the year in which retails sales will be $248 billion.

The following table shows retail sales in drug stores in billions of dollars in the U.S. for years since 1995. Year Retail Sales 0 85.851 3 108.426 6 141.781 9 169.256 12 202.297 15 222.266 Let S(t) be the retails sales in billions of dollars in t years since 1995. A linear model for the data is F(t) 9.44t+84.182. 220- 210 200 190- 180- 170 160- 150- 140- 130- 120 110- 100 90- 12 804 Use the above scatter plot to decide whether the linear model fits the data well. The function is a good model for the data. The function is not a good model for the data Estimate the retails sales in the U. S. in 2011. billions of dollars. Use the model to predict the year in which retails sales will be $248 billion.

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 2P: The following table shows an example of gross domestic product values for five countries over six...

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