The line graph shows the cost of inflation. What cost $10,000 in 1984 would cost the amount shown by the graph in subsequent years. Here are two mathematical models for the data shown by the graph. In each formula, C represents the cost x years after 1990 of what cost $10,000 in 1984. Use these models to solve Exercises 99-102. a. Use the graph to estimate the cost in 2000, to the nearest thousand dollars, of what cost $10,000 in 1984. b. Use model 1 to determine the cost in 2000. How well does this describe your estimate from part (a)? c. Use model 2 to determine the cost in 2000. How well does this describe your estimate from part (a)?
The line graph shows the cost of inflation. What cost $10,000 in 1984 would cost the amount shown by the graph in subsequent years. Here are two mathematical models for the data shown by the graph. In each formula, C represents the cost x years after 1990 of what cost $10,000 in 1984. Use these models to solve Exercises 99-102. a. Use the graph to estimate the cost in 2000, to the nearest thousand dollars, of what cost $10,000 in 1984. b. Use model 1 to determine the cost in 2000. How well does this describe your estimate from part (a)? c. Use model 2 to determine the cost in 2000. How well does this describe your estimate from part (a)?
Solution Summary: The author explains how to calculate the cost in 2000 by using models 1 and 2.
The line graph shows the cost of inflation. What cost $10,000 in 1984 would cost the amount shown by the graph in subsequent years.
Here are two mathematical models for the data shown by the graph. In each formula, C represents the cost x years after 1990 of what cost $10,000 in 1984.
Use these models to solve Exercises 99-102.
a. Use the graph to estimate the cost in 2000, to the nearest thousand dollars, of what cost $10,000 in 1984.
b. Use model 1 to determine the cost in 2000. How well does this describe your estimate from part (a)?
c. Use model 2 to determine the cost in 2000. How well does this describe your estimate from part (a)?
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