The Following Table Shows the Annual Revenues (In Millions of Dollars)

question 106

Multiple Choice

The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011. The scatterplot indicates that the annual revenues have an increasing trend. Linear, exponential, quadratic, and cubic models were fit to the data starting with t = 1, and the following output was generated. Which of the following is the revenue forecast for 2013 found by the trend regression equation with the best fit?

• A) About 2 billion and 337 million dollars
• B) About 2 billion and 95 million dollars
• C) About 2 billion and 248 million dollars
• D) About 2 billion and 290 million dollars

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