For this exercise, round all regression parameters to three decimal places. The following table shows the median income, in thousands of dollars, of American families for 2003 through 2008. Year Income (thousands of dollars) 2003 52.68 2004 54.06 2005 56.19 2006 58.41 2007 61.36 2008 61.52 (c) What was the yearly percentage growth rate in median family income during this period? (Use the model found in part (b). Round your answer to one decimal place.)

For this exercise, round all regression parameters to three decimal places. The following table shows the median income, in thousands of dollars, of American families for 2003 through 2008. Year Income (thousands of dollars) 2003 52.68 2004 54.06 2005 56.19 2006 58.41 2007 61.36 2008 61.52 (c) What was the yearly percentage growth rate in median family income during this period? (Use the model found in part (b). Round your answer to one decimal place.)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter4: Exponential Functions

Section4.4: Modeling Nearly Exponential Data

Problem 6E: Special Rounding Instructions For this exercise set, round all regression parameters to three...

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Year	Income (thousands of dollars)
2003	52.68
2004	54.06
2005	56.19
2006	58.41
2007	61.36
2008	61.52

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