
College Algebra in Context with Integrated Review and Worksheets Plus MyLab Math with Pearson eText-- Access Card Package
1st Edition
ISBN: 9780134380155
Author: Ronald J. Harshbarger, Lisa S. Yocco
Publisher: PEARSON
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Textbook Question
Chapter 3, Problem 54RE
Personal Income The income received by people from all sources minus their personal contributions for Social Security insurance is called personal income. The table lists the personal income, in billions of dollars, of people living in the United States for the indicated years.
Year | Personal Income (S billions) | Year | Personal Income (S billions) |
1990 | 4847 | 2008 | 12,239 |
2000 | 8559 | 2009 | 12,026 |
2004 | 9937 | 2010 | 12,429 |
2005 | 10,486 | 2011 | 13,202 |
2006 | 11,268 | 2012 | 13,888 |
2007 | 11,894 | 2013 | 14,167 |
(Source: Bureau of Economic Analysis)
a. Using an input equal to the number of years after 1980, find a quadratic function that models these data.
b. Use your unrounded model to estimate when after 1980 the personal income was $9500 billion.
c. When does the model estimate that the personal income will be double its 2009 value?
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Chapter 3 Solutions
College Algebra in Context with Integrated Review and Worksheets Plus MyLab Math with Pearson eText-- Access Card Package
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