PART C & D ONLY For this exercise, round all regression parameters to three decimal places.The table below shows the average cost C, in dollars, of chemistry and physics periodicals t years after 1980.t = years since 1980C = cost in dollars14052501041015780201300221520(a) Make an exponential model of C as a function oft.OC = 87,324 x 0.527tOc = 191.584 x 1.864tO C = 141.894 x 1.116O c = 121.987 x 1.054O c = 95.486 x 0.987t(b) Plot the data and the exponential model.15001500P Type here to searchFULLHD 1080acerS PI REPrtScSysRqF8PauseEsc章InsertAScr LkBreak@$%&23€6.78. JUUt1015202510152025C1500150010001000500500t2510152010152025(c) What was the yearly percentage growth rate of the cost of chemistry and physics periodicals? (Use the model found in part (a). Round your answer to one decimal place.)%(d) If this exponential trend continues, what will be the expected average cost of physics and chemistry periodicals in 2021? Round your answer to the nearest dollar. (Use the model found in part (a).)

Answered: Image /qna-images/answer/c196a3db-b8f9-41d7-93b0-556016febb7d.jpg

(c) What was the yearly percentage growth rate of the cost of chemistry and physics periodicals? (Use the model found in part (a). Round your answer to one decimal place.) (d) If this exponential trend continues, what will be the expected average cost of physics and chemistry periodicals in 2021? Round your answer to the nearest dollar. (Use the model found in part (a).)

(c) What was the yearly percentage growth rate of the cost of chemistry and physics periodicals? (Use the model found in part (a). Round your answer to one decimal place.) (d) If this exponential trend continues, what will be the expected average cost of physics and chemistry periodicals in 2021? Round your answer to the nearest dollar. (Use the model found in part (a).)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 2TI: Sales of a video game released in the year 2000 took off at first, but then steadily slowed as time...

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