Chapter 11.2, Problem 41E

To determine

To write the model that relates the income as a function of number of years since 1996.

Answer to Problem 41E

  $I=948.43t+4012.17$

Explanation of Solution

Given:

The given table is −

  

Calculation:

Let us say

  $\begin{array}{l}t=1\text{ for year 1996}\\ t\text{ =2 for year 1997}\end{array}$

And so on ........

Thus the following model will give the income $I$ in $t$ years

  $I=948.43t+4012.17$