The table below shows the average annual salary (in thousands) of players in the NHL in selected years since 1970. Year 1970 1975 1980 1985 1990 1995 2000 2005 2010 Salary (in thousands) 25 56 O A. 100 100 180 324 580 1170 1460 2300 a. Use the exponential regression on a graphing calculator to find a mathematical model for this data where x = 0 corresponds to 1970 and f(x) represents the salary (in thousands). f(x) = 25 (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) b. Graph the data and the model on the same coordinate system. Choose the correct graph below. All graphs are shown on a scale of [0,40,5] by [0,3500,500], where the x-axis represents the year since 1970 and the y-axis represents the salary (in thousands). Q Q OB. O A. The model does not give a value for 2007. OB. The actual value is the same as the model. OC. The actual value is less than the model OD. The actual value is greater than the model. Q Q c. Use f(x) to estimate the average salary in 2020. thousands. The average salary in 2020 will be (Type an integer rounded to the nearest whole thousands.) d. The average salary in NHL in 2007 was reported to be $1,900,000. How does this compare with the value given by the model? O C. Q C O D. Q Q
The table below shows the average annual salary (in thousands) of players in the NHL in selected years since 1970. Year 1970 1975 1980 1985 1990 1995 2000 2005 2010 Salary (in thousands) 25 56 O A. 100 100 180 324 580 1170 1460 2300 a. Use the exponential regression on a graphing calculator to find a mathematical model for this data where x = 0 corresponds to 1970 and f(x) represents the salary (in thousands). f(x) = 25 (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) b. Graph the data and the model on the same coordinate system. Choose the correct graph below. All graphs are shown on a scale of [0,40,5] by [0,3500,500], where the x-axis represents the year since 1970 and the y-axis represents the salary (in thousands). Q Q OB. O A. The model does not give a value for 2007. OB. The actual value is the same as the model. OC. The actual value is less than the model OD. The actual value is greater than the model. Q Q c. Use f(x) to estimate the average salary in 2020. thousands. The average salary in 2020 will be (Type an integer rounded to the nearest whole thousands.) d. The average salary in NHL in 2007 was reported to be $1,900,000. How does this compare with the value given by the model? O C. Q C O D. Q Q
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Step 1: Write the given information.
VIEWStep 2: Determine the exponential regression equation using the given data.
VIEWStep 3: Construct the graph and data for the model on the same coordinate system.
VIEWStep 4: Estimate the average salary in 2020 using the obtained model.
VIEWStep 5: Compare the average salary in NHL in 2007 with the predicted salary in 2007 using model.
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