Let’s suppose total alcoholic beverage sales are reported throughout the year and there’s no change in the rate of annual increases.
Sales were reported as $110.7billion at the beginning of 2003 and $135.4 billion at the beginning of 2006. Allow 2003 to be the baseline.
(a) The given data is represented by the points (______,110.7) and (3,_____).
(b) Find the linear equation determined by the two points in part (a), if y = _______x + _______.
(c) Use the equation in part (b) to estimate the alcohol sales produced in 2004. In 2004, sales were approximately $ _______ billion.
(d) If the model remains accurate, in what year will reported alcohol sales reach $150 billion?
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