Math Problem Statement
Retail e-commerce sales in Germany (excluding event tickets, financial products, and travel) are shown below.
German e-Commerce
YearInternet Sales (billion euros)
2003
5.8
2004
7.6
2005
9.0
2006
10.2
2007
11.4
2008
13.6
(a) Why is a cubic model appropriate for the data?
The scatter plot is increasing and appears to be concave up before changing to concave down.The scatter plot is decreasing and appears to be concave up before changing to concave down. The scatter plot is increasing and appears to be concave down before changing to concave up.The scatter plot is decreasing and appears to be concave down before changing to concave up.
(b) Align the input to years since 2000. Write the function of the cubic model that gives the retail e-commerce sales in Germany in billion euros, where x is the number of years since 2000, with data from
3 ≤ x ≤ 8.
(Round all numerical values to three decimal places.)
s(x) =
(c) Write the input value for the approximate location of the inflection point.
x =
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Regression Analysis
Cubic Functions
Inflection Points
Formulas
Cubic function: s(x) = ax^3 + bx^2 + cx + d
Inflection point formula: x = -b / (3a)
Theorems
Regression Analysis
Calculus - Inflection Points
Suitable Grade Level
Grades 11-12
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