Question
Use the following data for the next 3 questions The following are the company sales from 2000-2015 Year Xylophone 2000 $230 2001 $573 2002 $994
Use the following data for the next 3 questions
The following are the company sales from 2000-2015
| Year | Xylophone |
| 2000 | $230 |
| 2001 | $573 |
| 2002 | $994 |
| 2003 | $1,683 |
| 2004 | $3,192 |
| 2005 | $6,140 |
| 2006 | $8,892 |
| 2007 | $13,586 |
| 2008 | $18,376 |
| 2009 | $29,476 |
| 2010 | $33,598 |
| 2011 | $44,208 |
| 2012 | $58,473 |
| 2013 | $96,368 |
| 2014 | $149,306 |
| 2015 | $204,397 |
- Fit an exponential trend curve to the data- show the equation
- Calculate the projected sales in 2016
- What is the CAGR over the 2000-2015 period?
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
