The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011.
The Excel scatterplot shown indicates that the annual revenues have an increasing trend.Therefore,linear,exponential,quadratic,and cubic models were used to fit the trend,and the following relevant information became available after applying linear regression.
Which of the following is a revenue forecast for 2012 found by the polynomial trend equation with the best fit?
A) About 2 billion and 149 million dollars
B) About 2 billion and 189 million dollars
C) About 2 billion and 334 million dollars
D) About 2 billion and 34 million dollars
Correct Answer:
Verified
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