The table below shows the average salary for an NBA player for several years Year 1991 1995 2000 2010 2021 Salary in millions 0.87 1.45 2.92 4.64 8.25 a.) Find the exponential model that predicts the average salary for any year (t) b.) According to your model what is the yearly growth rate for the average salary? c.) If the trend continues, what will the average salary be in 2023? d. In what year did the average salary first reach 6 million?
The table below shows the average salary for an NBA player for several years Year 1991 1995 2000 2010 2021 Salary in millions 0.87 1.45 2.92 4.64 8.25 a.) Find the exponential model that predicts the average salary for any year (t) b.) According to your model what is the yearly growth rate for the average salary? c.) If the trend continues, what will the average salary be in 2023? d. In what year did the average salary first reach 6 million?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The table below shows the average salary for an NBA player for several years
| Year | 1991 | 1995 | 2000 | 2010 | 2021 |
| Salary in millions | 0.87 | 1.45 | 2.92 | 4.64 | 8.25 |
a.) Find the exponential model that predicts the average salary for any year (t)
b.) According to your model what is the yearly growth rate for the average salary?
c.) If the trend continues, what will the average salary be in 2023?
d. In what year did the average salary first reach 6 million?
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