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Let's suppose total alcoholic beverage sales are reported throughout the year and there's no change in the rate of annual increases. Sales were...
Let's suppose total alcoholic beverage sales are reported throughout the year and there's no change in the rate of annual increases.
Sales were reported as $110.7billion at the beginning of 2003 and $135.4 billion at the beginning of 2006. Allow 2003 to be the baseline.
Questions:
(a) The given data is represented by the points (______,110.7) and (3,_____).
(b) Find the linear equation determined by the two points in part (a), if y = _______x + _______.
(c) Use the equation in part (b) to estimate the alcohol sales produced in 2004. In 2004, sales were approximately $ _______ billion.
(d) If the model remains accurate, in what year will reported alcohol sales reach $150 billion?
