MAKE A DECISION: SALES The sales (in millions of dollars) for Avon Products from 1998
Chapter 4, Problem 45(choose chapter or problem)
MAKE A DECISION: SALES The sales (in millions of dollars) for Avon Products from 1998 through 2005 are shown in the table. (Source: Avon Products Inc.)A model for this data is given by where represents the year, with corresponding to 1998. (a) How well does the model fit the data? (b) Find a linear model for the data. How well does the linear model fit the data? Which model, exponential or linear, is a better fit? (c) Use the exponential growth model and the linear model from part (b) to predict when the sales will exceed 10 billion dollars.
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