The income of a small business for several years is given in the table below. Thousands...

 

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The income of a small business for several years is given in the table below. Thousands of Dollars Year 2000 2001 2002 2003 2004 2005 2006 2007 8.4 52.6 62.6 58.8 50 46.8 55.2 98.2 a) Perform regression to find a cubic polynomial that fits the data. Use years since 2000 as your inputs. p(x) = Round all values to 4 decimal places. b) Use the model to predict the income of the business in 2010. $ thousand Round to 2 decimal places. c) Use the model to predict when the business income will reach $1,000,000. Round to the nearest whole year. The income of a small business for several years is given in the table below. Thousands of Dollars Year 2000 2001 2002 2003 2004 2005 2006 2007 8.4 52.6 62.6 58.8 50 46.8 55.2 98.2 a) Perform regression to find a cubic polynomial that fits the data. Use years since 2000 as your inputs. p(x) = Round all values to 4 decimal places. b) Use the model to predict the income of the business in 2010. $ thousand Round to 2 decimal places. c) Use the model to predict when the business income will reach $1,000,000. Round to the nearest whole year.

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a 0 1 2 3 4 5 6 7 Y 84 526 626 588 50 468 552 982 A... View the full answer