Giovanni Food Products produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very agg
ressive marketing strategy they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.
Year Revune
1 8.53
2 10.84
3 12.98
4 14.11
5 16.31
6 17.21
7 18.37
8 18.45
9 18.40
10 18.43
Required:
a. Construct a time series plot. Comment on the appropriateness of a linear trend.
b. Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue.
c. Using the trend equation developed in part (b), forecast revenue in year 11.
Year Revune
1 8.53
2 10.84
3 12.98
4 14.11
5 16.31
6 17.21
7 18.37
8 18.45
9 18.40
10 18.43
Required:
a. Construct a time series plot. Comment on the appropriateness of a linear trend.
b. Using Minitab or Excel, develop a quadratic trend equation that can be used to forecast revenue.
c. Using the trend equation developed in part (b), forecast revenue in year 11.
1 answer:
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Length of the side = 9 cm
Diagonal = cm
Solution:
Area of the square = 81 square centimeters
In square all sides are equal.
Area of the square = side × side
Side × side = 81
Side² = 9² (∵81 = 9²)
Taking square root on both sides, we get
Side = 9 cm
Length of the side = 9 cm
To find the length of the diagonal:
In square all the angles are right angle.
Diagonal splits the square into two right angle triangle.
Using Pythagoras theorem,
<em>In right triangle, square of the hypotenuse is equal to the sum of the square of the other two sides.</em>
Here, diagonal is the hypotenuse.
Taking square root on both side,
Diagonal = cm