2) A video game released in the year 2001 sold quickly at first, but then sales slowed as time moved on. The number of videos games sold y (in thousands) are given by the logarithmic model y=256+9.3lnx, where x = 1 is the year 2001. a. How many video games were sold in the year 2001? How does that relate to the logarithmic equation? b. In what year were 280,000 video games sold?

2) A video game released in the year 2001 sold quickly at first, but then sales slowed as time moved on. The number of videos games sold y (in thousands) are given by the logarithmic model y=256+9.3lnx, where x = 1 is the year 2001. a. How many video games were sold in the year 2001? How does that relate to the logarithmic equation? b. In what year were 280,000 video games sold?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 2TI: Sales of a video game released in the year 2000 took off at first, but then steadily slowed as time...

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Sales of a video game released in the year 2000 took off at first, but then steadily slowed as time moved on. Table 4 shows the number of games sold, in thousands, from the years 20002010. a. Let x represent time in years starting with x=1 for the year 2000. Let y represent the number of games sold in thousands. Use logarithmic regression to fit a model to these data. b. If games continue to sell at this rate, how many games will sell in 2015? Round to the nearest thousand.