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The table below shows the E- Commerce Sales estimates in millions of dollars of Merchant Wholesalers . The data is based on the Annual Wholesale...
1. Using as the number of years from 1998, determine if a linear function models the data for Apparel, Piece Goods and Notion Sales. If it does, find the linear equation that models the data (you may round to three decimal places).
2. Using as the number of years from 1998, determine if a linear function models the data for the Paper and Paper Product Sales. If it does, find the equation that models the data (you may round to three decimal places).
3. Please report and interpret the rate of change of each businesses in the context of the problem.
4. Graph the equations that model the data for each e-commerce business (graph the models on the same coordinate axis). Analyze the graphs by comparing their slopes and y-intercept. Which business is growing at a faster rate? Explain.
5. If the trend in sales is consistent, predict the sales of the two merchant wholesalers in 2020. Do you think this value is accurate? What factors can contribute to this accuracy or inaccuracy? Explain.
6. You are planning to go into the Wholesale E-commerce business. Which of the two business would you choose? Why?
The table below shows the E- Commerce Sales estimates in millions of dollars of MerchantWholesalers . The data is based on the Annual Wholesale trade survey from 1998 - 2014 .TimeTypes of BusinessYearApparel , PiecePaper and PaperGoods & NotionsProducts ( Sales( Sales in millions ofin millions ofdollarsdollars )19987, 6482, 861199910, 6293 , 622200013, 5344. 501200116, 7895 , 455200219 , 7886, 938200324 , 2749, 582200426, 9891 1 , 818200532 , 51613, 86120063151216, 348200731 , 62617, 321200831 , 49118, 148200929 , 45718, 212201033, 97319, 941201135 , 24320. 835201236, 81023, 468201339 , 58424, 81 1201440 , 02026, 437