Assignment Scoring Your last submission is used for your soore. 2 Question Detal

Question

Assignment Scoring Your last submission is used for your soore. 2 Question Detalils LarCalet1 7.R.017 My Notes Ask Your Two models R1 and R2 are gnen for revenue in millions of dollars for a corporation. Both models are estimates of revenues from 2020 th ough 2025, with 0 co es on ing to 2020 R12.96 +0.69 R2.96 +0.56t which model projects the greater revenue? R1 projects the greater revenue R2 projects the greater revenue How much more total revenue (in millions of dollars) does that model project over the six-year period ending at t 57 milion dollars Show My Work

Explanation / Answer

The constant term of both the models is same.

Only difference is in the t term.

so, the revenue model with bigger coefficient would project greater revenue

also can be seen in the chart -

(b)

answer is 1.95

t R1 R2 Diff 0 2.96 2.96 0 1 3.65 3.52 0.13 2 4.34 4.08 0.26 3 5.03 4.64 0.39 4 5.72 5.2 0.52 5 6.41 5.76 0.65 total 1.95

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