The Allstate Insurance Company was founded in 1930 and began in that year with a 450 person sales force. The sales force has grown at a rate of 4.2% each year since. 1) Write a function to express the number of people P in Allstate's sales force as a function of t, the number of years since 1930. Type your answer in the form P=A(B)^t to avoid typo errors. Use the ^ symbol and (). 2) Use the function you wrote to predict the number of people in Allstate's sales force in 2006.
The Allstate Insurance Company was founded in 1930 and began in that year with a 450 person sales force. The sales force has grown at a rate of 4.2% each year since. 1) Write a function to express the number of people P in Allstate's sales force as a function of t, the number of years since 1930. Type your answer in the form P=A(B)^t to avoid typo errors. Use the ^ symbol and (). 2) Use the function you wrote to predict the number of people in Allstate's sales force in 2006.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The Allstate Insurance Company was founded in 1930 and began in that year with a 450 person sales force. The sales force has grown at a rate of 4.2% each year since.
1) Write a function to express the number of people P in Allstate's sales force as a function of t, the number of years since 1930.
Type your answer in the form P=A(B)^t to avoid typo errors. Use the ^ symbol and ().
2) Use the function you wrote to predict the number of people in Allstate's sales force in 2006.
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