In 2013 the average houshold credit card balance was $9,884. In 2016 the average houshold credit card balance was $11,184. (a) Compute the average yearly change in credit card balance from 2013 to 2016 (b) Use this to predict what the average credit card balance was in: i. 2014 ii. 2015 iii. 2017 iv. 2018 (c) In 2014 the avearge balance was $10,450 and in 2015 the avearge balance was $10,762. Where your predictions good for those years?

In 2013 the average houshold credit card balance was $9,884. In 2016 the average houshold credit card balance was $11,184. (a) Compute the average yearly change in credit card balance from 2013 to 2016 (b) Use this to predict what the average credit card balance was in: i. 2014 ii. 2015 iii. 2017 iv. 2018 (c) In 2014 the avearge balance was $10,450 and in 2015 the avearge balance was $10,762. Where your predictions good for those years?

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 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...

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