The number of automobile tire sales is dependent on several variables. In one study the relationship among

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The number of automobile tire sales is dependent on several variables. In one study the relationship among annual tire sales S (in thousands of dollars), automobile registrations R (in millions), and personal disposable income I (in millions of dollars) was investigated. The results for three years are given in the table.10,170 112.9 307.5 15,305 132.9 621.63 21,289 155.2 1937.13


To describe the relationship among these variables, we can use the equation S = a + bR + cI, where the coefficients a, b, and c are constants that must be determined before the equation can be used.

(a) Substitute the values for S, R, and I for each year from the table into the equation S = a + bR + cI, and obtain three linear equations involving a, b, and c.

(b) Use a graphing calculator to solve this linear system for a, b, and c. Use matrix inverse methods.

(c) Write the equation for S using these values for the coefficients.

(d) If R = 117.6 and I = 310.73, predict S. (The actual value for S was 11,314.)

(e) If R = 143.8 and I = 829.06, predict S. (The actual value for S was 18,481.)

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Related Book For  answer-question

College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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