The monthly costs for a small company to do business has been increasing over time due in part to inflation. The table gives the monthly cost y in $ for the month of January for selected years. The variable t represents the number of years since 2016. a. Use a graphing utility to find a model of the form y = a b t . Round a to the nearest whole unit and b to 3 decimal places. b. Write the function from part (a) as an exponential function with base e . c. Use either model to predict the monthly cost for January in the year 2023 if this trend continues. Round to the nearest hundred dollars.
The monthly costs for a small company to do business has been increasing over time due in part to inflation. The table gives the monthly cost y in $ for the month of January for selected years. The variable t represents the number of years since 2016. a. Use a graphing utility to find a model of the form y = a b t . Round a to the nearest whole unit and b to 3 decimal places. b. Write the function from part (a) as an exponential function with base e . c. Use either model to predict the monthly cost for January in the year 2023 if this trend continues. Round to the nearest hundred dollars.
Solution Summary: The author explains how to obtain the equation in the form of y=abt for the given table.
The monthly costs for a small company to do business has been increasing over time due in part to inflation. The table gives the monthly cost
y
in $
for the month of January for selected years. The variable t represents the number of years since 2016.
a. Use a graphing utility to find a model of the form
y
=
a
b
t
. Round a to the nearest whole unit and b to 3 decimal places.
b. Write the function from part (a) as an exponential function with base e.
c. Use either model to predict the monthly cost for January in the year 2023 if this trend continues. Round to the nearest hundred dollars.
the operating expesnes of amazon increased from 3.6 billion in 2008 to 16.3 billion in 2012. use the information to find a linear model for amazons operating expesne E as a function of time t in years since 2010
A Problem Solving Approach To Mathematics For Elementary School Teachers (13th Edition)
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