The following table shows the income, measured in thousands of dollars, from sales of a certain magazine at the start of the given year. Find an exponential model for the income where I is the income, measured in thousands of dollars, and t is the number of years since 2000. Round the parameters to the nearest hundredth. Year 2000 2001 2002 2003 2004 Income 7.54 8.02 8.52 9.05 9.62 a) I = 7.54 x 1.06^t b) I = 7.51 x 0.52^t c) I = 1.06 x 7.51^t d) I = 7.54 x 0.52^t
The following table shows the income, measured in thousands of dollars, from sales of a certain magazine at the start of the given year. Find an exponential model for the income where I is the income, measured in thousands of dollars, and t is the number of years since 2000. Round the parameters to the nearest hundredth. Year 2000 2001 2002 2003 2004 Income 7.54 8.02 8.52 9.05 9.62 a) I = 7.54 x 1.06^t b) I = 7.51 x 0.52^t c) I = 1.06 x 7.51^t d) I = 7.54 x 0.52^t
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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The following table shows the income, measured in thousands of dollars, from sales of a certain magazine at the start of the given year. Find an exponential model for the income where I is the income, measured in thousands of dollars, and t is the number of years since 2000. Round the parameters to the nearest hundredth.
| Year | 2000 | 2001 | 2002 | 2003 | 2004 |
| Income | 7.54 | 8.02 | 8.52 | 9.05 | 9.62 |
a) I = 7.54 x 1.06^t
b) I = 7.51 x 0.52^t
c) I = 1.06 x 7.51^t
d) I = 7.54 x 0.52^t
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