Logarithmic Trend Equation
Not what you're looking for?
Can you please assist me with the question in the attachment? Thanks.
7. Sally's Software, Inc. is a rapidly growing supplier of computer software to the Sarasota area. Sales for the last five years are given below.
Year Sales ($ millions)
1999 1.1
2000 1.5
2001 2.0
2002 2.4
2003 3.1
1. Determine the logarithmic trend equation.
2. By what percent did sales increase, on the average, during the period?
3. Estimates sales for the year 2006.
Purchase this Solution
Solution Summary
This solution calculates the logarithmic trend equation by graphically display and finding the regression equation. It also calculates the percentage increase and the sales for the year 2006.
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.