The Following Table Gives the Percent of the U

question 39

Multiple Choice

The following table gives the percent of the U.S. population with Internet connections for the years 1997 to 2003. Use a calculator to find the logistic function that models these data. Use x as the number of years past 1995. Source: U.S. Department of Commerce

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Definitions:

Merchandise Purchased

Goods bought by a business for the purpose of resale, forming part of its inventory.

Cost Of Goods Available

The total cost of all merchandise or materials available for sale or use, including beginning inventory plus purchases.

Purchase Returns

Goods returned by the buyer to the supplier due to defects, inaccuracies in shipment, or other discrepancies.

Allowances

A deduction from the gross amount on an invoice by the buyer for goods purchased or to cover some type of shortcoming.