## Reported Below Are The Amounts Spent On Advertising

Reported below are the amounts spent on advertising ($ millions) by a large firm from 2004 to 2014. YearAmountYearAmount200488. 42010132. 4200594. 52011141. 72006102. 72012150. 12007109. 62013157. 62008118. 52014162. 72009125. 4a. Determine the logarithmic trend equation. (Round your answers to 4 decimal places. ) Log = + tb. Estimate the advertising expenses for 2016. (Round your answer to 2 decimal places. ) The antilog of (2016) = $ c. By what percent per year did advertising expense increase during the period? (Round your answer to 2 decimal places. ) percent.

## Reported below are the amounts spent on advertising

Question

Reported below are the amounts spent on advertising ($ millions) by a large firm from 2004 to 2014.

Year Amount Year Amount

2004 88.4 2010 132.4

2005 94.5 2011 141.7

2006 102.7 2012 150.1

2007 109.6 2013 157.6

2008 118.5 2014 162.7

2009 125.4

a. Determine the logarithmic trend equation. (Round your answers to 4 decimal places.)

Log = + t

b. Estimate the advertising expenses for 2016. (Round your answer to 2 decimal places.)

The antilog of (2016) = $

c.

By what percent per year did advertising expense increase during the period? (Round your answer to 2 decimal places.)

percent.

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