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Exhibit 18.3.The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011.
Excel scatterplot shown above indicates that the annual revenues have an increasing trend.Therefore,linear,exponential,quadratic and cubic models were used to fit the trend,and the following relevant information became available after applying linear regression.
Refer to Exhibit 18.3.What is a revenue forecast for 2012 found by the polynomial trend equation with the best fit?
Disjunctive Syllogism
A form of reasoning wherein from two statements, one necessarily follows as a conclusion if the other is ruled out.
Unstated Premise
An implicit assumption or premise that is not explicitly mentioned but is required for an argument to hold.
Disjunctive Premise
A type of logical statement that presents two or more options in such a way that if one is true, the others must be false.
Negative Proposition
A statement or assertion that denies something, especially a predicate of a subject.
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