As the years (t) go by revenue (r) at a small business increases continuously $1000's Revenue(r) Year (t) 2004 2005 2006 2007 2008 2009 169 214 243 301 355 403 A. With year 2000-0 find the exponential model that best fits this revenue growth data. Write out the full functional notation (which includes the model) below. Use S for the name of the function (that's a capital S). Your next two answers depend on this being correct. Carefully enter the data in your calculator and double check to see they are entered correct Note: continuously means use the form aekt but beware the calculator's regression gives abt. You have to make the change. t e (round the initial value to 0.001 and rate constant to 0.000001) B. What does the model predict will be revenue in 2013? $ (to nearest $1000) C. Within what year will revenue reach $1,261,000? NOTE: though you are rounding the parameters for entry into part A, recall that you should NOT round the parameters when making prediction calculations or else you may create "rounding" errors that may lead to incorrect answers to parts B and C.

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As the years (t) go by revenue (r) at a small business increases continuously
$1000's Revenue(r)
Year (t)
2004
2005
2006
2007
2008
2009
KON
R
169
214
243
301
355
403
A. With year 2000-0 find the exponential model that best fits this revenue growth data.
Write out the full functional notation (which includes the model) below. Use S for the name of the function
(that's a capital S).
4
Your next two answers depend on this being correct. Carefully enter the data in your calculator and double
check to see they are entered correct
=
Note: continuously means use the form aekt but beware the calculator's regression gives abt. You have to
make the change.
e
(round the initial value to 0.001 and rate constant to 0.000001)
B. What does the model predict will be revenue in 2013? $
CH
C. Within what year will revenue reach $1,261,000?
(to nearest $1000)
NOTE: though you are rounding the parameters for entry into part A, recall that you should NOT round the
parameters when making prediction calculations or else you may create "rounding" errors that may lead to
incorrect answers to parts B and C.
Transcribed Image Text:As the years (t) go by revenue (r) at a small business increases continuously $1000's Revenue(r) Year (t) 2004 2005 2006 2007 2008 2009 KON R 169 214 243 301 355 403 A. With year 2000-0 find the exponential model that best fits this revenue growth data. Write out the full functional notation (which includes the model) below. Use S for the name of the function (that's a capital S). 4 Your next two answers depend on this being correct. Carefully enter the data in your calculator and double check to see they are entered correct = Note: continuously means use the form aekt but beware the calculator's regression gives abt. You have to make the change. e (round the initial value to 0.001 and rate constant to 0.000001) B. What does the model predict will be revenue in 2013? $ CH C. Within what year will revenue reach $1,261,000? (to nearest $1000) NOTE: though you are rounding the parameters for entry into part A, recall that you should NOT round the parameters when making prediction calculations or else you may create "rounding" errors that may lead to incorrect answers to parts B and C.
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