The highest grossing movie of 2022 was Avatar: The Way of Water, which grossed $2.32 billion...
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The highest grossing movie of 2022 was Avatar: The Way of Water, which grossed $2.32 billion worldwide. The table below includes cumulative weekly sales revenue from the US, in millions, over the first 10 weeks after its release. Cumulative US Sales Revenue for Avatar Revenue, R (millions) 197.7 Week, x 1 2 3 4 5 6 7 8 9 10 million 358.1 Is this interpolation or extrapolation? O interpolation O extrapolation 471.8 531.8 578.3 604.9 625.6 640.0 Source: Box Office Mojo (a) Find the function of the logarithmic model that gives cumulative sales revenue from the US, in millions, where x is the week after release and data is from 1 x 10. (Round all numerical values to three decimal places.) R(x) = Is this interpolation or extrapolation? O interpolation O extrapolation 650.9 660.6 (b) Use the model to estimate the cumulative sales revenue from the US in week 6 after release. (Round your answer to three decimal places.) million (c) Use the model to estimate the cumulative sales revenue from the US in week 12 after release. (Round your answer to three decimal places.) million (d) Estimate the week in which US cumulative sales revenue will reach $800 million. (Round your answer to the nearest integer.) US cumulative sales revenue will reach $800 million in Week The highest grossing movie of 2022 was Avatar: The Way of Water, which grossed $2.32 billion worldwide. The table below includes cumulative weekly sales revenue from the US, in millions, over the first 10 weeks after its release. Cumulative US Sales Revenue for Avatar Revenue, R (millions) 197.7 Week, x 1 2 3 4 5 6 7 8 9 10 million 358.1 Is this interpolation or extrapolation? O interpolation O extrapolation 471.8 531.8 578.3 604.9 625.6 640.0 Source: Box Office Mojo (a) Find the function of the logarithmic model that gives cumulative sales revenue from the US, in millions, where x is the week after release and data is from 1 x 10. (Round all numerical values to three decimal places.) R(x) = Is this interpolation or extrapolation? O interpolation O extrapolation 650.9 660.6 (b) Use the model to estimate the cumulative sales revenue from the US in week 6 after release. (Round your answer to three decimal places.) million (c) Use the model to estimate the cumulative sales revenue from the US in week 12 after release. (Round your answer to three decimal places.) million (d) Estimate the week in which US cumulative sales revenue will reach $800 million. (Round your answer to the nearest integer.) US cumulative sales revenue will reach $800 million in Week
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Modeling Avatar The Way of Waters US Sales Revenue a Finding the Logarithmic Model Function We can use the given data points to find the logarithmic m... View the full answer
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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