The Manager of a Company Believed That Her Company's Profits $\log _ { 10 } ( \text { Profits } ) = 2 + 0.3 X$

question 34

Short Answer

The manager of a company believed that her company's profits were following an exponential
trend. She used Microsoft Excel to obtain a prediction equation for the logarithm (base 10) of
profits: $\log _ { 10 } ( \text { Profits } ) = 2 + 0.3 X$ The data she used were from 2007 through 2012 coded 0 to 5. The forecast for 2013 profits is
__________.

---

Definitions:

Class System

A social stratification where people are grouped into a set of hierarchical social categories, often based on wealth, education, and occupation.

Labor Shortage

Describes a situation in which there are not enough qualified workers available to fill the job positions in a particular industry or overall economy.

Southern Planters

Wealthy individuals in the antebellum South who owned large farms or plantations and typically relied on enslaved labor for their agricultural operations.

Confederate War Effort

The military and civilian actions taken by the Confederacy during the American Civil War to achieve independence from the United States.