A worker is reviewing his pay increases over the past several years. The table below shows the hourly wage W, in dollars, that he earned as a function of time t, measured in years since the beginning of 2000. Time t Wage W 1 15.00 15.15 15.30 15.45 2 3 4 (a) By calculating ratios, show that the data in this table are exponential. (Round your answer to two decimal places.) The ratios of successive terms are always which shows that the data is exponential. (b) What is the yearly growth factor for the data? (Round your answer to two decimal places.) (c) The worker can't remember what hourly wage he earned at the beginning of 2000. Assuming that W is indeed an exponential function, determine what that hourly wage was. (Round your answer to the nearest cent.) $
A worker is reviewing his pay increases over the past several years. The table below shows the hourly wage W, in dollars, that he earned as a function of time t, measured in years since the beginning of 2000. Time t Wage W 1 15.00 15.15 15.30 15.45 2 3 4 (a) By calculating ratios, show that the data in this table are exponential. (Round your answer to two decimal places.) The ratios of successive terms are always which shows that the data is exponential. (b) What is the yearly growth factor for the data? (Round your answer to two decimal places.) (c) The worker can't remember what hourly wage he earned at the beginning of 2000. Assuming that W is indeed an exponential function, determine what that hourly wage was. (Round your answer to the nearest cent.) $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 1CYU
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 2 images
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt