6 Reported below are the amounts spent on advertising milli
6. Reported below are the amounts spent on advertising ($ millions) by a large firm from 2004 to 2014: Year Amount Year Amount 2004 $89.7 2010 $133.5 2005 95.3 2011 141.4 2006 104.1 2012 149.8 2007 113.1 2013 155.7 2008 120.8 2014 163.1 2009 126.3 a. Determine the logarithmic trend equation. (Round the final answers in millions of dollars. Round the final answers to 7 decimal places.) Log Y\' = + t b. Estimate the advertising expenses for 2017. (Round the final answers in millions of dollars. Round the final logarithm value to 7 decimal places and the final answer to 1 decimal place.) Log Y\' = antilog = c. By what percentage per year did advertising expense increase during the period? (Round the final answer to 2 decimal places.) %
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