Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pining for Poplar is a family - owned furniture store specializing in wooden products. The store opened in 1 9 9 9 and has seen

Pining for Poplar is a family-owned furniture store specializing in wooden products. The store opened in 1999 and has seen their sales grow steadily over the years, as shown in the chart below. In particular, t represents the number of years since Pining for Poplar opened (this is treated as our x variable) and R gives the total revenue in that year, in thousands of dollars.
\table[[t,10,12,14,16],[R,9511102.8,1254.61406.4,,]]
(a) Use the information in the table to complete the following:
During the year 2009 Pining for Poplar had a total revenue of thousand dollars. The store's total revenue was $1254600 in the year
(b) Find a linear equation to model the data in the chart.
R=
(c) Assuming the model found in part (b) continues to be accurate in the future, we predict that Pining for Poplar's revenue will be $ in 2022.
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

Step: 3

blur-text-image

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

Financial Institutions Management A Risk Management Approach

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

11th Edition

1264413041, 9781264413041

More Books

Students also viewed these Finance questions