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

question 8

Multiple Choice

The following table shows the annual revenues (in millions of dollars) of a pharmaceutical company over the period 1990-2011. The Excel scatterplot shown 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. When three polynomial trend equations are compared,which of them provides the best fit?

• A) Linear
• B) Exponential
• C) Quadratic
• D) Cubic

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Definitions:

Dollar Sales

The total revenue generated from the sale of goods or services, measured in dollars.

Fixed-price Policy

A pricing strategy where a product or service is sold at a specific price that does not change in response to market fluctuations or customer negotiations.

No Haggle

A pricing strategy where the seller sets a fixed price for a product or service, eliminating the need for negotiation.

CarMax Dealership

A chain of used-car dealerships in the United States known for its no-haggle pricing and comprehensive vehicle inspection process.