Use the Midpoint Formula to estimate the sales of Big Lots,Inc.in 2005,given the sales in 2003 and 2007.Assume that the sales followed a linear pattern. Big Lots
Year
Sales (in millions)
2003
4174
2007
4700
A)$4700 million
B)$4457 million
C)$4174 million
D)$4437 million
E)$4447 million

Question

Quizplus · Accepted Answer

We can use the midpoint formula to estimate the sales of Big Lots in 2005:

Midpoint = (Sales in 2003 + Sales in 2007) / 2
Midpoint = (4174 + 4700) / 2
Midpoint = 4437

Therefore, the estimated sales of Big Lots in 2005 is $4437 million. The correct answer is D).

Use the Midpoint Formula to Estimate the Sales of Big