An economist is studying the median yearly income of workers by their ages. Age (yr) 18 28 38 48 58 68 Median Income ($) 17,480 30,650 37,440 41,230 37,570 21,390 a. What function best models the data (linear, quadratic, exponential)? b. Write a function that models the data. c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
An economist is studying the median yearly income of workers by their ages. Age (yr) 18 28 38 48 58 68 Median Income ($) 17,480 30,650 37,440 41,230 37,570 21,390 a. What function best models the data (linear, quadratic, exponential)? b. Write a function that models the data. c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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An economist is studying the
Age (yr) | 18 | 28 | 38 | 48 | 58 | 68 |
Median Income ($) | 17,480 | 30,650 | 37,440 | 41,230 | 37,570 | 21,390 |
a. What
b. Write a function that models the data.
c. Use your model to predit the median income for a worker who is 43 years old. Round to the nearest dollar.
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