Homework Help: maths

Posted by kamilla on Monday, October 26, 2009 at 6:43pm.

in 1994, the profit is $250,000
in 1995, the profit is $280,000
in 1996, the profit is $240,000
in 1997, the profit is $320,000
in 1998, the profit is $310,000

this information is in a chart but charts don't work here so anyways
[it looks something like this:

Year: 1994 1995
Profit: $250,000 $280,000

etc]

so I have to make a scatter plot of the data, which is pretty easy and answer a few questions.. here are the questions that I didn't get:

1. Write a linear model for the amount of profit.
2. Write a linear model to estimate the profit in 2002.

please show/explain how to do these. thnk u

maths - jim, Monday, October 26, 2009 at 7:44pm
I answered this below, rather wordily. If there's something else I can explain, do ask.

Answer this Question

Related Questions

scatter plots - in 1994, the profit is $250,000 in 1995, the profit is $280,000 ...
Finance - Item Total assets $10,000,000 Total equity (all common) 9,000,000 ...
Finance - Item Total assets $10,000,000 Total equity (all common) 9,000,000 ...
Microeconomics - I am trying to calculate profit. If I am given the total ...
college algebra - A magazine company had a profit of $98,000 per year when it ...
college algebra - A magazine company had a profit of $98,000 per year when it ...
finite!!! - A manufacturing company wants to maximize profits on products A,B, ...
are these correct - b. Calculate the profit or loss on 12,000 bags and on 25,000...
economics - A company is considering a plan that has different profit results ...
economics - A company is considering a plan that has different profit results ...

For Further Reading

First Name:
School Subject:
Answer: