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The Manager of a Company Believed That Her Company's Profits

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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:
log₁₀(Profits) = 2 + 0.3X
The data she used were from 2005 through 2010 coded 0 to 5. The forecast for 2011 profits is ________.


Definitions:

Total Investment

Refers to the cumulative sum of money invested in a particular asset or portfolio over a period of time.

Canadian Dollar

The official currency of Canada, symbolized as CAD in the foreign exchange market.

87.5%

A numerical value representing 87.5 parts out of 100; often used in statistical or financial contexts.

Percent Reduction

The percentage by which a quantity is decreased, commonly used in sales and discount contexts.

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