From 1981 to 2011, the number � of federally insured banks could be approximated by �(�)=-328.6�+13705 where t is the year and t=0 corresponds to 1981. How many federally insured banks were there in 1986?    Find the slope of the graph of B.  Interpret this slope as a rate of change. Choose the correct answer below. The number of banks decreased by 13705 banks per year The number of banks increased by 13705 banks per year The number of banks increased by

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

From 1981 to 2011, the number � of federally insured banks could be approximated by �(�)=-328.6�+13705 where t is the year and t=0 corresponds to 1981.

How many federally insured banks were there in 1986?   

Find the slope of the graph of B. 

Interpret this slope as a rate of change. Choose the correct answer below.

  • The number of banks decreased by 13705 banks per year
  • The number of banks increased by 13705 banks per year
  • The number of banks increased by 328.6 banks per year
  • The number of banks increased by 12062 banks per year
  • The number of banks decreased by 12062 banks per year
  • The number of banks decreased by 328.6 banks per year



Find the y-intercept of the graph of B.
The y-intercept is 

Interpret the y-intercept. Choose the correct answer below.

  • The y-intercept is the number of banks in 1981
  • The y-intercept is the number of banks in 1986
  • The y-intercept is the minimum number of banks allowed in the country
  • The y-intercept is the number of banks in 2011
  • The y-intercept is the maximum number of banks allowed in the country
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON