As stated in (i), the equation of the line is: ln y = -0.015x + .26
(By the way, I checked your answers for parts (i) and (ii) and they are both correct)
(iii)
Plug in (1.1) for y and solve:
ln (1.1) = -0.015x + .26
0.095 = -0.015x + .26
-0.165 = - 0.015x
10.979 = x
Answer: x = 10.979
Keeping in mind that, there are 12 months in a year, therefore, 7 months is really just 7/12 of a year.
Answer:
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Step-by-step explanation:
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Are you asking what they should do because of the profit ?
You do 18.99$ + 2.85$. ( 2.85$ is 15% of 18.99 )