(a)
To calculate: The linear model for the JetBlue net income J as a function of the Southwest Airlines net income S using the data of
Year | |||||
Southwest Airlines | |||||
JetBlue Airways | |||||
Alaska Air Group |
(b)
To calculate: The net income of the JetBlue Airways in
Year | |||||
Southwest Airlines | |||||
JetBlue Airways | |||||
Alaska Air Group |
(c)
The units of measurement of the slope and also interpret about the net incomes of JetBlue Airways and Southwest Airlines from the slope which is calculated in part (a).
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Chapter 1 Solutions
Finite Mathematics and Applied Calculus (MindTap Course List)
- Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the Midpoint Formula to estimate the sales in 2014. Assume that the annual sales followed a linear pattern.arrow_forwardTuition at American Public Universities This is a continuation of Exercise 6. The following table shows the average yearly in-state tuition and required fees, in dollars, charged by four-year American public universities in the school year ending in the given year. Date Average tuition 2012 8318 2013 8595 2014 8872 2015 9149 2016 9426 a. Show that these data can be modeled by a linear function, and find its formula. b. What is the slope for the linear function modeling tuition and required fees for public universities? c. What is the slope of the linear function modeling tuition and required fees for private universities? Note: See Exercise 6. d. Explain what the information in parts b and c tells you about the rate of increase in tuition in public versus private institutions. e. Which type of institution shows the larger percentage increase from 2015 to 2016? 6. Tuition at American Private Universities The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private nonprofit universities in the school year ending in the given year. Date Average tuition 2012 27, 870 2013 29, 004 2014 30, 138 2015 31, 272 2016 32, 406 a. Show that these data can be modeled by a linear function, and find its formula. b. Plot the data points and add the graph of the linear formula you found in part a. c. What prediction does this formula give for average tuition and fees at four-year American private nonprofit universities for the academic year ending in 2021?arrow_forwardEnergy ConsumptionThe monthly residential consumption of energy in the U.S. for 2012 is found in the following table. Source: Energy Information Administration. Month Energytrillion BTU January 990.527 February 833.163 March 560.826 April 412.426 May 297.500 June 253.015 July 240.486 August 248.035 September 249.354 October 378.094 Number 631.203 December 838.265 Plot the data, letting t=1 correspond to January, t=2 to February, and so on. Is it reasonable to assume that the monthly consumption of energy is periodic? Find the trigonometric function of the form C(t)=asin(bt+c)+d that models these data when t is the month of the year and C(t) is the energy consumption. Graph the function on the same calculator window as the data. Estimate the total energy consumption for the year for residential customers in the United States and compare it to the actual value. Calculate the period of the function found in part b. Is this period reasonable?arrow_forward
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