An economist is studying the median yearly income of workers by their ages. Age (yr) 18 28 38 48 58 68 Median Income ($) 17,480 30,650 37,440 41,230 37,570 21,390 a. What function best models the data (linear, quadratic, exponential)? b. Write a function that models the data. c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
An economist is studying the median yearly income of workers by their ages. Age (yr) 18 28 38 48 58 68 Median Income ($) 17,480 30,650 37,440 41,230 37,570 21,390 a. What function best models the data (linear, quadratic, exponential)? b. Write a function that models the data. c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.4: Definition Of The Derivative
Problem 50E
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An economist is studying the median yearly income of workers by their ages.
Age (yr) | 18 | 28 | 38 | 48 | 58 | 68 |
Median Income ($) | 17,480 | 30,650 | 37,440 | 41,230 | 37,570 | 21,390 |
a. What
b. Write a function that models the data.
c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
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