Suppose that you take a job at a company where you analyze sales figures to determine the best course of action for your company. Use the data from the following table to find an exponential function that you could use to predict sales in subsequent years. Show all work!
Year: Sales in millions:
1 3
3 4
5 8
Exponential Function?
What are the sales in year 10 projected to be?
When will sales reach 5 million?
Year: Sales in millions:
1 3
3 4
5 8
Exponential Function?
What are the sales in year 10 projected to be?
When will sales reach 5 million?