Question

In 2003 there were 1078 JC Penney stores and in 2007 there were 1067 stores.

Answer 1

Answer:

a) $f(s)=\frac{-11}{3}s+\frac{3245}{3}$ $f(1)=1078 stores$ b) 2012, 1049 stores. 2014, 1041 stores. c) Yes it is a downsizing company.

Step-by-step explanation:

a)

s=year | f(s) = number of stores per year

1 | 1078

4| 1067

$m=\frac{1067-1078}{4-1}\Rightarrow m=\frac{-11}{3}\\1078=-\frac{11}{3}*1+b\Rightarrow b=\frac{3245}{3}\\f(s)=\frac{-11}{3}s+\frac{3245}{3}$

s=1 in 2003

$s=1 year =2003\\ Testing\\f(1)=\frac{-11}{3}(1)+\frac{3245}{3}=\frac{3234}{3}=1078\\ f(1)=1078$

b) For 2012, s=9. For 2014, s=11

$\\f(s)=\frac{-11}{3}s+\frac{3245}{3}\\ \\f(9)=\frac{-11}{3}(9)+\frac{3245}{3}\cong1049\\\\f(11)=\frac{-11}{3}(11)+\frac{3245}{3}\cong=1041$

c) In deed. Since the function shows a decreasing amount of JC Penney stores. Maybe this is a downsizing from this company, progressively closing some stores.