Question

Given the sales of Trucks, Inc. in 2002 and 2006, estimate the sales in 2004 using the midpoint formula. Assuming a linear pattern, round to the nearest whole number.

a) Average of 2002 and 2006 sales
b) Difference between 2006 and 2002 sales
c) Sum of 2002 and 2006 sales
d) Product of 2002 and 2006 sales

Answer 1

To estimate the 2004 sales for Trucks, Inc. using the midpoint formula, calculate the average of the sales figures from 2002 and 2006, assuming a linear pattern in sales over time.

Step-by-step explanation:

To estimate the sales in 2004 using the midpoint formula and assuming a linear pattern, we find the average of the sales figures from 2002 and 2006. The midpoint formula in this context means adding the sales from 2002 and 2006 and then dividing by 2 to get the midpoint or average sales for 2004. This method assumes that the sales increased or decreased at a steady rate over the years. The formula does not take into account the difference between 2006 and 2002 sales, the sum of 2002 and 2006 sales, or the product of 2002 and 2006 sales.