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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<u>Given </u>that the length of the hypotenuse is 8 and the angle is 42°
The length of the one leg of the triangle is x.
We need to determine the value of x.
<u>Value of x:</u>
The value of x can be determined using the trigonometric ratio.
Thus, we have;
Substituting the values, we get;
Multiplying both sides of the equation by 8, we get;
Simplifying, we get;
Therefore, the value of x is 5.35(app.)
Hence, Option A is the correct answer.
