4. Postal Rates The table below shows the cost s, in cents, of a domestic first-class postage stamp in the United States t years after 1900. t = time, in years since 1900 s = cost of stamp 19 2 32 58 4 71 8 78 15 85 22 95 32 102 37 109 44 116 47 3.

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Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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4. Postal Rates The table below shows the cost s, in
cents, of a domestic first-class postage stamp in the
United Statest years after 1900.
t = time, in
years since 1900
s = cost of
stamp
19
2
32
3
58
4
71
8
78
15
85
22
95
32
102
37
109
44
116
47
a. Use exponential regression to model s as an
exponential function of t.
b. What cost does your model give for a 1988
stamp? Report your answer to the nearest cent.
(The actual cost was 25 cents.)
c. Plot the data and the exponential model.
Transcribed Image Text:4. Postal Rates The table below shows the cost s, in cents, of a domestic first-class postage stamp in the United Statest years after 1900. t = time, in years since 1900 s = cost of stamp 19 2 32 3 58 4 71 8 78 15 85 22 95 32 102 37 109 44 116 47 a. Use exponential regression to model s as an exponential function of t. b. What cost does your model give for a 1988 stamp? Report your answer to the nearest cent. (The actual cost was 25 cents.) c. Plot the data and the exponential model.
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