Business profits. New business owners typically experience a loss for a certain amount of time before the losses bottom out. Eventually the businesses show a profit. This pattern of profit and loss suggests a situation that could be modeled by a
a. Verify that this equation fits the given data.
b. Using this model, at the end of what month do you expect to sustain your greatest cumulative loss? What is this loss?
c. At the end of what month do you expect to show your first cumulative profit? (By that, we mean that your total profits from the time the business started are greater than your total losses.)
d. What will your cumulative profit be by the end of month 10?
e. How much do you expect to earn during month 10?
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