alesterp
2021-01-19
The annual sales S (in millions of dollars) for the Perrigo Company from 2004 through 2010 are shown in the table.
a) Use a graphing utility to create a scatter plot of the data. Let t represent the year, with t=4 corresponding to 2004. b) Use the regression feature of the graphing utility to find an exponential model for the data. Use the Inverse Property
Alara Mccarthy
Skilled2021-01-20Added 85 answers
Step 1 Exponential Regression Model Step 2
a) A scatter plot of the given data is displayed below:
Step 3
b) Using the regression feature, we find that an exponential model for the data in base e is
Step 4
c) Using the regression feature, A logarithmic model of given data is given by
Step 5
d) To predict sales in 2011 using the exponential model, find f(11) as follows:
The exponential model closely agrees with the projected amount. The exponential model is only off by about 28.29 million while the logarithmic model is off by a significant 440 million.
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