From the data given below and the toll charge of 050

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Question: For the last 29 years the operator of a toll bridge has kept records of the use of the bridge during each month of the year. For the upcoming month of May, he would like to predict the expected income from operation of the bridge. From the data given below and the toll charge of $0.50 per vehicle, what is the expected income for the bridge during the month of May?

Year

Number of Cars

Year

Number of Cars

1959

10,234

1974

10,187

1960

12,900

1975

10,648

1961

11,879

1976

11,645

1962

9,075

1977

10,975

1963

10,396

1978

12,375

1964

10,746

1979

10,357

1965

13,056

1980

13,078

1966

12,874

1981

10,284

1967

11,789

1982

9,993

1968

10,678

1983

11,964

1969

10,357

1984

9,876

1970

9,234

1985

12,675

1971

10,345

1986

10,467

1972

11,465

1987

13,127

1973

12,385

 

 

Reference no: EM13580599

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