Total personal income of the country (in billions of dollars) for selected years from1956 to 2001 is given in the table.(a) These data can be modeled by an exponential function. Write the equation ofthis function, with x as the number of years after 1956.(b) If this model is accurate, what will be the country's total personal income in2006?Year195619661976198619962001(b) The country's total personal income in 2006 will be $(Round to three decimal places as needed.)PersonalIncome411.3840.52314.54882.18421.210,238.9(a) The equation of an exponential function that models the data is y=.(Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.)billion.

(a) Step-by-step procedure to find the regression equation using Excel: In Excel sheet, enter Year…

Answered: Total personal income of the country…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...

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Total personal income of the country (in billions of dollars) for selected years from 1956 to 2001 is given in the table. (a) These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years after 1956. (b) If this model is accurate, what will be the country's total personal income in 2006? (c) In what year does the model predict the total personal income will reach $22 trillion? points, ... (b) The country's total personal income in 2006 will be $ billion. (Round to three decimal places as needed.) (c) The total personal income will reach $22 trillion in the year (Round up to the nearest year.) hp (a) The equation of an exponential function that models the data is y=- (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) 19 Year 1956 1966 1976 1986 1996 2001 ho 22 Pearson Education Inc. All rights reserved. | Terms of Use | Privacy Policy | Permissions Contact U f Personal Income…
Total personal income of the country (in billions of dollars) for selected years from 1956 to 2001 is given in the table. (a) These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years after 1956. (b) If this model is accurate, what will be the country's total personal income in 2006? (c) In what year does the model predict the total personal income will reach $23 trillion? (a) The equation of an exponential function that models the data is y= (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) (b) The country's total personal income in 2006 will be $ billion. (Round to three decimal places as needed.) (c) The total personal income will reach $23 trillion in the year (Round up to the nearest year.)
The mean life of a radioactive material is the reciprocal of its decay constant. Show that 95% of a radioactive material decays approximately in a time period of 3 times its mean life.
The sales of a company for the last cight years are given below : Year 1987 1988 1989 1990 1991 1992 1993 1994 220 Estimate sales figure for 1995 using an equation of the form Y = ab* where X = years and Y = sales. Sales ('000) 52 45 - 98 92 110 185 175

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