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In what year will the estimated revenue of Amazon be 1,241 billion US dollars?  Note: I am asking for the year, not the number of years since 2010.  This may happen between two years.  Round to the nearest year

In what year will the estimated revenue of Amazon be 1,241 billion US dollars?  Note: I am asking for the year, not the number of years since 2010.  This may happen between two years.  Round to the nearest year

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In what year will the estimated revenue of Amazon be 1,241 billion US dollars?  Note: I am asking for the year, not the number of years since 2010.  This may happen between two years.  Round to the nearest year.

The annual revenue of Amazon is given in the table below (source). Year 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Amazon Annual Revenue (Billions of US dollars) 386.064 280.522 232.887 177.866 135.987 107.006 88.988 74.452 61.093 48.077 34.204 See the Regression page in the Chapter 1: Linear Equations and Graphs module for details on creating a regression model. Apply linear regression to the data in the table to find a model y = mx + b, where y is Amazon's annual revenue in billions of US dollars, and is the number of years since 2010. Use the model y = mx + b with m rounded to the nearest tenth and 6 rounded to the nearest hundredth to answer the questions 1-3 below.
Transcribed Image Text:The annual revenue of Amazon is given in the table below (source). Year 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Amazon Annual Revenue (Billions of US dollars) 386.064 280.522 232.887 177.866 135.987 107.006 88.988 74.452 61.093 48.077 34.204 See the Regression page in the Chapter 1: Linear Equations and Graphs module for details on creating a regression model. Apply linear regression to the data in the table to find a model y = mx + b, where y is Amazon's annual revenue in billions of US dollars, and is the number of years since 2010. Use the model y = mx + b with m rounded to the nearest tenth and 6 rounded to the nearest hundredth to answer the questions 1-3 below.
Amazon annual/quarterly revenue history and growth rate from 2010 to 2022. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. • Amazon revenue for the quarter ending June 30, 2022 was $121.234B, a 7.21% increase year-over-year. • Amazon revenue for the twelve months ending June 30, 2022 was $485.902B, a 9.61% increase year-over-year. • Amazon annual revenue for 2021 was $469.822B, a 21.7% increase from 2020. • Amazon annual revenue for 2020 was $386.064B, a 37.62% increase from 2019. Amazon annual revenue for 2019 was $280.522B, a 20.45% increase from 2018. .
Transcribed Image Text:Amazon annual/quarterly revenue history and growth rate from 2010 to 2022. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. • Amazon revenue for the quarter ending June 30, 2022 was $121.234B, a 7.21% increase year-over-year. • Amazon revenue for the twelve months ending June 30, 2022 was $485.902B, a 9.61% increase year-over-year. • Amazon annual revenue for 2021 was $469.822B, a 21.7% increase from 2020. • Amazon annual revenue for 2020 was $386.064B, a 37.62% increase from 2019. Amazon annual revenue for 2019 was $280.522B, a 20.45% increase from 2018. .
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