There were about 1.92 million Hispanic-owned businesses in 2001 and 2.42 million in 2003. a) Find an exponential model for this data in which t = 0 corresponds to 2001 and the number of businesses is measured in millions. Round computed values to at least 4 decimal places f(t) = = b) Assuming the model remains accurate, how many million Hispanic-owned businesses will there be in 2026? Round to the hundredth. million businesses

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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There were about 1.92 million Hispanic-owned
businesses in 2001 and 2.42 million in 2003.
a) Find an exponential model for this data in which t = 0
corresponds to 2001 and the number of businesses is
measured in millions. Round computed values to at least
4 decimal places
f(t) =
=
b) Assuming the model remains accurate, how many
million Hispanic-owned businesses will there be in 2026?
Round to the hundredth.
million businesses
Transcribed Image Text:There were about 1.92 million Hispanic-owned businesses in 2001 and 2.42 million in 2003. a) Find an exponential model for this data in which t = 0 corresponds to 2001 and the number of businesses is measured in millions. Round computed values to at least 4 decimal places f(t) = = b) Assuming the model remains accurate, how many million Hispanic-owned businesses will there be in 2026? Round to the hundredth. million businesses
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