Solve the problem.
-An accountant tabulated a firm's profits for four recent years in the following table: The accountant then fit both a linear graph and an exponential curve (seen below)to the data, in order to estimate future profits. Use the linear graph to estimate the profits in the year 2002.
A)About $500,000
B)About $800,000
C)About $900,000
D)About $1,000,000

Question

Solve the problem.
-An accountant tabulated a firm's profits for four recent years in the following table:  The accountant then fit both a linear graph and an exponential curve (seen below)to the data, in order to estimate future profits. Use the linear graph to estimate the profits in the year 2002. 
A)About $500,000 
B)About $800,000 
C)About $900,000 
D)About $1,000,000

Quizplus · Accepted Answer

The linear graph has a steeper slope than the exponential curve, indicating that the profits are increasing at a faster rate. To estimate the profits in the year 2002, we simply extend the linear line to the right until it intersects with the year 2002. From the graph, we can estimate that the profits will be approximately $800,000 in the year 2002.

Solve the Problem. -An Accountant Tabulated a Firm's Profits for Four Recent Years