How would I solve this question?

Question

year: 1996 sales: $4,200,000

year: 2000 sales: $5,650,000

Estimate the sales of a company in 1998 assuming the sales followed a linear pattern.

Please show how to do it by steps, not just the answer.

Answer 1

average the  1996 and 2000 sales by adding divide by 2

ao that comes to 4,925,000

i think that would be your 1998 sales, followind a linear pattern.

Answer 2

You have a very simple average problem here.

From 1996 to 2000 is simple subtraction, 4 years.

The difference (subtraction) between the two amounts is $1,450,000.

Now - there are two ways to do this.

1998 is halfway between the other years listed, so divide you $1,450,000 by 2 and get $725,000.  Add that to the 19998 figure of $4,200.00, and the answer is $4,925,000.

Answer:  $4,925.00

Check:  

1996     $4,200,000     +725,000

1998     $4,925.000     +725,000

2000     $5,650,000

And it adds up.

(You are averaging the two $ amounts:

You could also add the two numbers and divide by 2.)

Answer 3

Ok, put this in terms of a graph, with the year being the x variable, and the sales the y variable. Now calculate the slope by using the old rise over run technique.

(5,650,000-4,200,000)/(2000-1996)=1,45...

So the slope is 362,500. Now put that in the equation mx+b=y and solve for b.

(362,500)*(1996)+b=(4,200,000)

723,550,000+b=4,200,000

b=-719,350,000

Solving that leaves us the equation 362,500*x-719,350,000=y

Plugging in 1998 for x then gives us 4,925,000 as the final answer.

Answer 4

divide the number of years in the profit,= 4

divide the difference in the profit by 4

multiply by the new year difference  =2

and then you have your answer

subtract 4.2 from 5,65 and divide the number by two,

that is a double check,

I got the same answer twice.

Answer 5

Find the difference of the two and divide it by 2.. After you do that add the number to 4,200,000..Because it would be linear.. So the answer is 4,925,000..

Hope I helped!

Answer 6

What is the company selling?

Is it goods or services?

If it's goods, are they being sold individually? By the box?

In what city? State? Zip code?

Details, please.

Answer 7

Hi

it takes 4 years from 1997 to 2000 for the sales to grow by $1,450,000(5,650,000 -4,200,000).

thus 2 years means in 1998 it will take $725,000 (1,450,000/2)

thus the sames in 1998 is 4,200,000 + 725,000 = $4,925,000

Alternativly you can use the total growth 1,450,000 / 4 to give you per year grow is $362,500

then you just add 2 times 362,000 to your 1996 4,200,000 to get 1998

hope it helps

Answer 8

what you have here is a linear equation. The two values represent two points on a line. graph the line on line paper (if you have it) x-axis is year, the y-axis is sales. If you do the rise over the run you see the slope of the line .  

1450,000 (DIFFERENCE IN SALES) / 4 (DIFFERENCE IN YEAR) = 362500 (SLOPE OF LINE OR CHANGE IN SALES PER YEAR).

What that means is for every year the sales increase by 362,500 so in 1998 that is a 2 year increase from 1996.

4,200,000 + (362,500 * 2) = 4,562,500

THOSE ARE THE SALES IN 1998 GIVEN A LINEAR RELATIONSHIP