Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here is the Etsy annual profit in millions of dollars for the years 2 0 1 2 - 2 0 2 2 . I've scaled

image text in transcribed
Here is the Etsy annual profit in millions of dollars for the years 2012-2022. I've scaled the years to be years since 2010.
\table[[Year,Net Income ($mm)],[2,-3],[3,-1],[4,-15],[5,-54],[6,-30],[7,82],[8,77],[9,96],[10,349],[11,493],[12,-694]]
A. Create a scatterplot for the data in Excel or Googlesheets.
B. Determine the cubic model for the data. State the equation and the R2 value. (R2 is a statistical measure on how well the equation fits the data. The closer the R2 value is to 1, the better the fit. Anything over 0.8 is typically a 'good' fit.)
C. Now determine a new model if you exclude the year 2022.
C. Now determine a new model if you exclude the year 2022.
Use your model from part C to determine the Marginal Profit in 2017.
E. Use your model from part C to determine the inflection point for the Profit.
10. Here is Etsy's annual Revenue from 2012-2022 in billions of dollars. Again, I've scaled the years.
\table[[Years,Revenue ($bn)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

4th edition

978-1259995057, 1259995054, 978-0077503987, 77503988, 978-0077639730

More Books

Students also viewed these Accounting questions

Question

What factors contribute to distortions in memory?

Answered: 1 week ago