The income of a small business for several years is given in the table below. Thousands of Dollars Year 2000 17.4 2001 59.8 71.2 71 2002 2003 2004 63.2 60.2 77.6 2005 2006 2007 115.4 a) Perform...


The income of a small business for several years is given in the table below.<br>Thousands of<br>Dollars<br>Year<br>2000<br>17.4<br>2001<br>59.8<br>71.2<br>71<br>2002<br>2003<br>2004<br>63.2<br>60.2<br>77.6<br>2005<br>2006<br>2007<br>115.4<br>a) Perform regression to find a cubic polynomial that fits the data. Use years since 2000 as your inputs x.<br>p(x) =<br>Round all values to 4 decimal places.<br>b) Use the model to predict the income of the business in 2010.<br>thousand dollars<br>Round to 2 decimal places.<br>c) Use the model to predict when the business income will reach $1,000,000.<br>Round to the nearest whole year.<br>

Extracted text: The income of a small business for several years is given in the table below. Thousands of Dollars Year 2000 17.4 2001 59.8 71.2 71 2002 2003 2004 63.2 60.2 77.6 2005 2006 2007 115.4 a) Perform regression to find a cubic polynomial that fits the data. Use years since 2000 as your inputs x. p(x) = Round all values to 4 decimal places. b) Use the model to predict the income of the business in 2010. thousand dollars Round to 2 decimal places. c) Use the model to predict when the business income will reach $1,000,000. Round to the nearest whole year.

Jun 05, 2022
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