QuestionFind the first year when percent change in beer shipments reaches using . What does represent? A. Slope B. C. D. -intercept.
Studdy Solution
STEP 1
Assumptions1. The percent change in beer shipments since the year2007 for a beer company can be approximated by .
. In this equation, corresponds to the year2007.
3. The model remains accurate.
STEP 2
The value represents the variable in the given equation, which is the percent change in beer shipments. So, we need to solve the equation for when .
STEP 3
Set to in the equation and solve for .
STEP 4
Subtract from both sides of the equation to isolate the term with .
STEP 5
Calculate the left side of the equation.
STEP 6
Divide both sides of the equation by to solve for .
STEP 7
Calculate the value of .
STEP 8
Since corresponds to the year2007, corresponds to the year .
STEP 9
Since we are looking for the first full year, we need to round up to the nearest whole number, which is .
The first full year in which the percent change reaches is2023.
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