Question: Knowing a function has a linear relationship can help determine future outcomes. A company is seeing a steady increase in sales and is trying to

Knowing a function has a linear relationship can help determine future outcomes. A company is seeing a steady increase in sales and is trying to determine a budget for future spending. A business that opened in the year 2000 has tracked its sales each year. In 2004, their revenue was recorded as $121,658. In 2011, their revenue was recorded as $135,690.

(a) Assuming their growth can be modeled by a linear equation, determine the slope AND state what it represents in this context.

(b) Find the y-intercept for your equation. Why does the y-intercept not necessarily make sense in the context of this problem?

(c) The company has a goal of reaching a revenue of $160,000 by 2025. Will they reach it? Verify your answer using your equation

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a We can use the two given points 2004 121658 and 2011 135690 to find the slope of the linear equati... View full answer

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