Linear Trend

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The following linear trend equation was developed for the annual sales of the Jordan Manufacturing Company, Y1 = 500 + 60X (in $ of dollars). By how much per year and per month are sales increasing?

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Solution Summary

The following linear trend equation was developed for the annual sales of the Jordan Manufacturing Company, Y1 = 500 + 60X (in $ of dollars). By how much per year and per month are sales increasing?

$2.49