The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011. The scatterplot indicates that the annual revenues have an increasing trend. Linear, exponential, quadratic, and cubic models were fit to the data starting with t = 1, and the following output was generated. When all four trend regression equations are compared, which of them provides the best fit?
A) Linear
B) Exponential
C) Quadratic
D) Cubic

Question

The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011.   The scatterplot indicates that the annual revenues have an increasing trend. Linear, exponential, quadratic, and cubic models were fit to the data starting with t = 1, and the following output was generated.  When all four trend regression equations are compared, which of them provides the best fit?
A) Linear 
B) Exponential 
C) Quadratic 
D) Cubic

Quizplus · Accepted Answer

The Answer of The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011.   The scatterplot indicates that the annual revenues have an increasing trend. Linear, exponential, quadratic, and cubic models were fit to the data starting with t = 1, and the following output was generated.  When all four trend regression equations are compared, which of them provides the best fit?
A) Linear 
B) Exponential 
C) Quadratic 
D) Cubic

The Following Table Shows the Annual Revenues (In Millions of Dollars)