Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Algebra Expert

Find the slope of the line shown and interpret the slope as a rate of change given the following information. I am supposed to present this in business terms using Exxon Mobile as the example and using the mathematical concept of slope and rate of change. After submitting this question earlier I am not sure the answer is what I need. I know that the formula for slope is

m= slope = rise/run = change in y-coordinate/change in x-coordinate. I would like to re-address this.

The information and previous answer is as follows:

Year Revenue(Million Dollars)
2005 358955
2006 365467
2007 390328
2008 459579
2009 301500

The equation of the least square line for Revenue (in million dollars) (y) versus Year (x) is given as follows: y=32673.3x - 65165394.2

(a) The slope of the line is given as 32673.3.

(b) The rate of change of Revenue (in million dollars) per Year is given as 32673.3.

The positive sign of the slope indicates a direct relationship between Revenue (in million dollars) and Year. In other words, Revenue (in million dollars) increases by a factor of 32673.3 per year.

Algebra, Academics

  • Category:- Algebra
  • Reference No.:- M91749024
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Algebra

Assignment topic - abstract algebraq1 let r be the ring of

Assignment Topic - Abstract Algebra Q1: Let R be the ring of all 2 X 2 matrices over Z p , p is a prime. Let G be the set of elements x in the ring R such that det(x) ≠ 0. Find the order of G. Q2: If R is a commutative r ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As