Problem

The file P02_28.xlsx gives the annual sales for Microsoft (in millions of dollars) for t...

The file P02_28.xlsx gives the annual sales for Microsoft (in millions of dollars) for the years 1984–1993, where 1984 = year 1.

a. Fit an exponential curve to these data.

b. Assuming you are back in 1993, by what percentage do you estimate that Microsoft has grown each year, based on this historical data?

c. Why can’t a high rate of exponential growth continue for a long time?

d. Rather than an exponential curve, what curve might better represent the growth of a new technology?

e. Search the Web for more recent Microsoft sales data. Then repeat the preceding parts using all the data.

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