Business: shopping on the Internet. Online sales of all types of consumer products

Chapter 3, Problem 53

(choose chapter or problem)

Business: shopping on the Internet. Online sales of all types of consumer products increased at an exponential rate in the last decade or so. Data in the following table show online retail sales, in billions of dollars. [3.3] a) Use REGRESSION to fit an exponential function to the data. Then convert that formula to an exponential function, base e, where t is the number of years after 1998, and determine the exponential growth rate. b) Estimate online sales in 2010; in 2020. c) After what amount of time will online sales be $400 billion? d) What is the doubling time of online sales?

Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.

Becoming a subscriber
Or look for another answer

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back