1. In 2009 the number of vehicle sales in the United States was 10,600 thousand and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. In 2009 the number of vehicle sales in the United States was 10,600 thousand and in 2013 it was 16,280 thousand. a. Determine the average rate of change (slope) from 2009 to 2013, as measured by the average number of new cars per year (and NOT as the number of thousands of new cars per year). b. If x is the number of years since 2009 and f(x) is the number of vehicles sold, find the equation of the line through these two points. (Hint: you will need to use your result from Part (a), along with some additional data from the statement of the problem.) C. Assuming f(x) is a linear function, use the equation to predict the number of vehicles sold in 2016. 1. In 2009 the number of vehicle sales in the United States was 10,600 thousand and in 2013 it was 16,280 thousand. a. Determine the average rate of change (slope) from 2009 to 2013, as measured by the average number of new cars per year (and NOT as the number of thousands of new cars per year). b. If x is the number of years since 2009 and f(x) is the number of vehicles sold, find the equation of the line through these two points. (Hint: you will need to use your result from Part (a), along with some additional data from the statement of the problem.) C. Assuming f(x) is a linear function, use the equation to predict the number of vehicles sold in 2016.
Expert Answer:
Answer rating: 100% (QA)
in 2009 vehicles sales 10600 in 2013 sales 16280 a s... View the full answer
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
Students also viewed these accounting questions
-
Determine the average rate of return for a project that is estimated to yield total income of $234,000 over four years, has a cost of $450,000, and has a $50,000 residual value.
-
Determine the average rate of return for a project that is estimated to yield total income of $72,000 over three years, has a cost of $125,000, and has a $25,000 residual value.
-
Determine the average rate of return for a project that is estimated to yield total income of $170,000 over five years, has a cost of $320,000, and has a $20,000 residual value.
-
Francine Frost graduated from State University with a degree in accounting five years ago, she was promoted to manager last week by the local CPA firm Ross & Denning, LLP. The firm has two...
-
What is the difference, if any, between a joint venture and a strategic alliance?
-
How are the specific processes of emotion discussed in this chapteremotional labor, emotional work, and compassion, stress, and burnoutillustrated in these examples of the inexplicable? Are...
-
Identify and describe the key attributes that might mitigate a red flag, suggesting that no bad act or compliance issues exist.
-
Warren Ltd. has two production departments, Building A and Building B, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs...
-
During the early 19th century, the Springfield (Massachu-setts) Armory provided a good example of: an increasing division of labor accounting techniques for wage payments and control of time and...
-
Can you come up with a scenario where the hotel could stay in business and still address the mayor offices environmental concerns?
-
write an email to the new Supervisor to let him know that you have set up a meeting next week to give an overview of the OSI monarch system and its functionalities such as AGC, SCADA, alarms,...
-
What is the Cisco TrustSec role in Cisco SD-Access deployment? explain with example and diagram
-
On January 21, 2020, the contractor purchased 10 tires for $250. On February 25, 2020, the contractor purchased 20 tires for $300. On March 22, 2020, the contractor purchased 8 tires for $200. On...
-
Direct materials $25 per unit Direct labor $10 per unit Variable overhead $15 per unit Fixed overhead $10,000 per month Test Company's average monthly demand is 4,000 components per month. Assume...
-
Orla bought some preferred shares for $67.30. The shares pay a semi-annually dividend of $1.55. One year later, the shares are trading at $64.30. Note: Please make sure your final answer(s) are in...
-
A taxpayer receives interest amounts connected to a seller-financed mortgage they report on a Form 6252 for an installment sale in the amount of $1,500. They also receive two Form 1099-OIDs with $600...
-
Customize your vs code environment (the linked video has a lot of info; focus on what you need: https://www.youtube.com/watch?v=yvXHM2NByh4. You may check YouTube Create a virtual environment for...
-
Factor and simplify, if possible. Check your result using a graphing calculator. 3 cot 2 + 6 cot + 3
-
Blaine Pierce and Meg Adkins formed a partnership, dividing income as follows: 1. Annual salary allowance to Adkins of $49,000. 2. Interest of 12% on each partner's capital balance on January 1. 3....
-
The following information is available for Sano Instrument Manufacturing Company for 2008: Instructions 1. Prepare the 2008 statement of cost of goods manufactured. 2. Prepare the 2008...
-
A manager of Back Tee Sporting Goods Company is considering accepting an order from an overseas customer. This customer has requested an order for 20,000 dozen golf balls at a price of $20.00 per...
-
Screening Model. Consider the following weighted criteria for assessing the viability of different charity event project proposals. Cost (3) Location (4) Team expertise (3) Celebrity endorsement...
-
Profile Model. Using the information from the profile model in Problem 3.18, construct an argument as to why project B is preferable to project C. Problem 3.18 Profile Model. Assume the project...
-
Discounted Payback. Your company is considering a high-risk project that could yield strong revenues but will involve a significant up-front investment. Because of this risk, top management is...
Study smarter with the SolutionInn App