Question: 17. Outback Steakhouse grew explosively during its first years of operation. The num- bers of Outback Steakhouse locations for the period 1988-1993 are given below.

17. Outback Steakhouse grew explosively during its first years of operation. The num- bers of Outback Steakhouse locations for the period 1988-1993 are given below. Year 1988 1989 1990 1991 1992 1993 Number of locations 2 9 23 49 87 137 Source: Outback Steakhouse.

a. Does there appear to be linear or exponential growth in the number of steakhouses?

b. Estimate the annual growth rate for Outback Steakhouse over the 1988-1993 period.

c. Forecast the number of Outback locations for 2007. Does this number seem rea- sonable? Explain.

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