Use the data below to determine the exponential regression for the population of a large town. Round the values in the regression equation to two decimals. Then, estimate the population in the 38th year. Round your answer to the nearest whole number. Population (thousand people) 50 Years 5 65 10 74 15 89 20 105 25 160

Use the data below to determine the exponential regression for the population of a large town. Round the values in the regression equation to two decimals. Then, estimate the population in the 38th year. Round your answer to the nearest whole number. Population (thousand people) 50 Years 5 65 10 74 15 89 20 105 25 160

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 6SC

See similar textbooks

Similar questions

Special Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Cell phones The following table shows the number, in millions, of cell phone subscribers in the United States at the end of the given year. Year Subscribersmillions 2010 296.3 2011 316.0 2012 326.5 2013 335.6 2014 355.4 a.Plot the data points. b.Use exponential regression to construct an exponential model for the subscriber data. c.Add the graph of the exponential model to the plot in part a. d.What was the yearly percentage growth rate from the end of 2010 through the end of 2014 for cell phone subscribership? e.In 2014, an executive had a plan that could make money for the company, provided that there would be at least 380million cell phone subscribers by the end of 2016. Solely on the basis of an exponential model for the data in the table, would it be reasonable for the executive to implement the plan?
Special Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Household IncomeThe following table shows the median income, in thousands of dollars, of American families for 2003 through 2008. Year Incomethousands of dollars 2003 52.68 2004 54.06 2005 56.19 2006 58.41 2007 61.36 2008 61.52 a.Plot the data. b.Use exponential regression to construct an exponential model for the income data. c.What was the yearly percentage growth rate in median family income during this period? d.From 2003 through 2008, inflation was about 3 per year. Did median family income keep pace with inflation during this period?
Round each percentage increase or decrease that you calculate to the nearest tenth of a percent. Percentage Decay Rate from Decay FactorAn exponential function has a decay factor of 0.06. What is the percentage decay rate?
Sales of a video game released in the year 2000 took off at first, but then steadily slowed as time moved on. Table 4 shows the number of games sold, in thousands, from the years 20002010. a. Let x represent time in years starting with x=1 for the year 2000. Let y represent the number of games sold in thousands. Use logarithmic regression to fit a model to these data. b. If games continue to sell at this rate, how many games will sell in 2015? Round to the nearest thousand.