The average annual salary of an NBA player increased from $170 thousand in 1980 to $2.6 million in 1998, as shown in the following table: Average NBA Athlete's Salary Years Since 1980 Annual Salary (t) (thousands of dollars) (S) 170 325 750 1,900 2,000 2,200 2,600 Find an exponential model that represents this data. Then, estimate, to the nearest year, using 10 15 16 17 18 your model, when the average salary will reach $4 million. O5

The average annual salary of an NBA player increased from $170 thousand in 1980 to $2.6 million in 1998, as shown in the following table: Average NBA Athlete's Salary Years Since 1980 Annual Salary (t) (thousands of dollars) (S) 170 325 750 1,900 2,000 2,200 2,600 Find an exponential model that represents this data. Then, estimate, to the nearest year, using 10 15 16 17 18 your model, when the average salary will reach $4 million. O5

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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Concept explainers

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

The average annual salary of an NBA player
increased from $170 thousand in 1980 to $2.6
million in 1998, as shown in the following table:
Average NBA
Athlete's Salary
Years Since 1980 Annual Salary
(t)
(thousands of dollars)
(S)
170
325
750
1,900
2,000
2,200
2,600
Find an exponential model that represents this
data. Then, estimate, to the nearest year, using
10
15
16
17
18
your model, when the average salary will reach $4
million.
O L5

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