4:16 4 ml '4? it Back Document /' Shore Page 1 of 2 Average Annual Rate of Growth This is a short and simple project that asks you to determine a model (lit an exponential curve) For one ofmn datasets. use it to make a prediction. and to determine an annual \"vertigo rate of growth. You can either use the data below for the number of Starbucks stores worldwide (Version It. or you can find yourown data For something that interests you (Version 2). You don't need to do any kind rt fancy write-up in short hand' written solution is ne (maybe show briefealculations in case you make a slip]. Version 1 The following data. from the website Starts-(arena gives the number of Starbutxs stores \\orldwidc from 2005 to 20l9. Your US. International Total 2005 7302 2939 2006 8896 3544 . 2007 10684 4327 2008 1l567 5| 13 2009 1 1 128 5507 l 2010 11 131 5727 2011 10787 6216 2012 11045 7021 l 2013 1 1457 8310 2014 11962 9404 2015 12521 10522 20l6 13172 11913 2017 13930 13409 201 8 14606 14698 2019 15041 16202 The aim is to t an exponential model to the worldwide data for the number of Starbucks stores. This means that you will have to total the US. and international data. You can do this in your calculator as follows: Put the U.S. data in say column L2, Put the international data in column L3. Cursor to the top ofcolumn LA, highlighting the name ofthe column. Then type in L2+L3 [ENTER] (those column names are above the number keys on your calculator). This will add the data in those two columns and put it in column L4. You will then do your exponential regression on columns L1 (where you will put some version of the years) and L4. Answer the following (write your answers on the back ofthis or on a separate paper ifyou wish!): (:1) Fit an exponential model to the worldwide data and tell me what your model is, as an equation, y ,..= Round 0 to one decimal and b to three decimals (b) What has been the average annual rate of growth in Starbucks worldwide from 2005 to 2019? (c) According to your model. what is the predicted number of Starbucks stores worldwide in 2025'? Version 2 Find your own dataset for something of interest to you and answer the same three questions. if you wish to use your own data, you should show the data and let me know the source. and you should check that the data does appear to t an exponential model (which means you'll need to check the scatterplot at your data). Consult me ifyou'rc not sure. Edit Sign Highlight Convert