maths
posted by kamilla .
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

I answered this below, rather wordily. If there's something else I can explain, do ask.
Respond to this Question
Similar Questions

Microeconomics
I am trying to calculate profit. If I am given the total revenue of $21,000,000. There are not fixed or variable costs. There is a constant marginal cost of $1,000.00. Would my profit still be the total revnue of $21,000,000? 
are these correct
b. Calculate the profit or loss on 12,000 bags and on 25,000 bags. 12,000 x $10 = 120,000 80,000 + .10 x 50lbs x 12,000 = 80,000 + 60,000 = 140,000 120,000 – 140,000 = 20,000 loss 25,000 x $10 = 250,000 80,000 + .10 x 50lb x 25000 … 
i needhelp with e and i want to know if i am right
13. Healthy Foods, Inc. sells 50pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the variable costs of the Grapes are $.10 per pound. a. What is the breakeven point in bags? 
maths
in 1992, a software company had a profit of $30,000,000. in 1998, the company had a profit of $210,000,000. find the average rate of change of the company's proft in dollars per year. I have no idea how to this. please explain stepbystep.. … 
scatter plots
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 … 
Statistics
Car P(Sale) % Sold Per Sale/ Profit Per Sale VW Golf 10% 15% $1,000 Saab 10% 15% $2,000 BWM Z4 10% 20% $12,000 Skoda Octavia10% 10% $1,200 Lada Niva10% 40% $400 Sum 100% 2.1 What is the expected profit for a VW Golf? 
Finance
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan. Condition Result Boom $2,000,000 … 
finite!!!
A manufacturing company wants to maximize profits on products A,B, and C. The profit margin is $3 for A, $6 for B, and $15 C. The production requirements and departmental capacities are as follows: DEPARTMENT Prod. Requirements Dept. … 
Finance
Item Total assets $10,000,000 Total equity (all common) 9,000,000 Total debt 1,000,000 Annual interest 100,000 Total sales $25,000,000 EBIT 6,250,000 Earnings available for common stockholders 3,690,000 I am trying to find the values … 
Finance
Item Total assets $10,000,000 Total equity (all common) 9,000,000 Total debt 1,000,000 Annual interest 100,000 Total sales $25,000,000 EBIT 6,250,000 Earnings available for common stockholders 3,690,000 I am trying to find the values …