Problema Solution

In each of the next set of problems, assume that the data can be modeled by a straight line and that the trend continues indefinitely. Use two data points to find such a line and then answer the question

Forrester Research Inc Estimated the amount of online retail sales to be $132.1 billion in 2006 $271.1 billion in 2010. Let X=0 correspond to 2006, and estimate the online sales of music and video in 2012

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x = 0      132.1

x = 5      271.1 = 132.1 + 139      

139/5 = 27.8

x = 7      132.1 + 27.8(7) = 326.7