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Use the information in the table below to answer the following questions about a company's revenue, expenses, and profit. Year 2001 2003 2005 Revenue (millions
Use the information in the table below to answer the following questions about a company's revenue, expenses, and profit. Year 2001 2003 2005 Revenue (millions of $) 24,202 32,320 Profit (millions of $) 1,895.5 2,836.7 Expenses (millions of $) (a) Use the Midpoint Formula to estimate the revenue and profit of the company in 2003. (Enter these values in the table above.) (b) Did the revenue and profit increase in a linear pattern from 2001 to 2005? Explain your reasoning. Yes, revenue and profit increased in a linear pattern from 2001 to 2005. If you were to make plots of revenue against year and profit against year, you could draw a line on each graph that would be close to hitting all three points for the three years. O No, revenue and profit did not increase in a linear pattern from 2001 to 2005. If you were to make plots of revenue against year and profit against year, you could not draw a line on each graph that would be close to hitting all three points for the three years. There is no way to know. Since we do not have the actual data for 2003, there is no way to know whether our linear estimates are accurate. (c) What were the company's expenses during each of the given years? (Enter these values in the table above.) (d) How would you rate the company's growth from 2001 to 2005? The company grew both in terms of revenue and profit. The company grew in terms of revenue but not in terms of profit. The company shrank in terms of profit but not in terms of revenue. The company shrank both in terms of revenue and profit
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