Posted by Anonymous on Thursday, May 27, 2010 at 5:10pm.
Are we assuming that the relation is linear ?
Then treat the data as two ordered pairs
(3,25000) and (23,68000)
slope = (68000-25000)/(23-3) = 43000/20 = 2150
using the y=mx+b equation for a straight line
sales = 2150month + b
sub in 3,25000)
25000 = 2150(3) + b
b = 18550
sales = 2150month +18550
so if month = 24
sales = ......
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