High School

Consider the following data on the sales of books (in thousands) by two publishers in the years 2008 and 2012:

| Year | Publisher A | Publisher B |
|-------|-------------|-------------|
| 2008 | 90.3 | 85.4 |
| 2012 | 120.6 | 100.2 |

Assuming a constant rate of growth in sales, predict the sales (in thousands) for Publisher B in the year 2016.

Answer :

Final answer:

To predict Publisher B's sales in 2016, calculate the growth rate based on earlier years and apply it to the 2012 data.Therefore, the predicted sales for Publisher B in the year 2016 is 145.74 thousand.

Explanation:

To predict the sales for Publisher B in the year 2016, we can assume a constant rate of growth in sales and use the data from 2008 and 2012.

Calculate the annual growth rate for Publisher B: (100.2 - 85.4) / 85.4 = 0.1738 or 17.38%.

Apply the growth rate to the sales in 2012 to get the estimated sales for 2016: 100.2 * (1 + 0.1738)^4 = 145.74 thousand.

Therefore, the predicted sales for Publisher B in the year 2016 is 145.74 thousand.

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