To determine To calculate: The model indicate that per-person income reached $4000. Explanation Given: The graph shows per-person income on the y -axis (again on a logarithmic scale) and the trend seems approximately linear since 1900. g ( x ) = 510 .3(1 .029) x And x = 0 Corresponds to the year 1900. Formula used: g ( x ) = 510 .3(1 .029) x Calculation: For the given function value of $4000 is put in the equation to predict the year: g ( x ) = 510 .3(1 .029) x 4000 510

Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)

12th Edition

ISBN: 9780134767628

Author: Margaret L. Lial, Thomas W. Hungerford, John P. Holcomb, Bernadette Mullins

Publisher: PEARSON

See similar textbooks

Concept explainers

Optimization

Optimization comes from the same root as "optimal". "Optimal" means the highest. When you do the optimization process, that is when you are "making it best" to maximize everything and to achieve optimal results, a set of parameters is the base for the se…

Integration

Integration means to sum the things. In mathematics, it is the branch of Calculus which is used to find the area under the curve. The operation subtraction is the inverse of addition, division is the inverse of multiplication. In the same way, integratio…

Application of Integration

In mathematics, the process of integration is used to compute complex area related problems. With the application of integration, solving area related problems, whether they are a curve, or a curve between lines, can be done easily.

Volume

In mathematics, we describe the term volume as a quantity that can express the total space that an object occupies at any point in time. Usually, volumes can only be calculated for 3-dimensional objects. By 3-dimensional or 3D objects, we mean objects th…

Area

Area refers to the amount of space a figure encloses and the number of square units that cover a shape. It is two-dimensional and is measured in square units.

Videos

Question

Chapter 4, Problem 10CE

To determine

To calculate: The model indicate that per-person income reached $4000.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 4, Problem 9CE

Chapter 4, Problem 11CE

Students have asked these similar questions

Car A starts from rest at t = 0 and travels along a straight road with a constant acceleration of 6 ft/s^2 until it reaches a speed of 60ft/s. Afterwards it maintains the speed. Also, when t = 0, car B located 6000 ft down the road is traveling towards A at a constant speed of 80 ft/s. Determine the distance traveled by Car A when they pass each other.Write the solution using pen and draw the graph if needed.

The velocity of a particle moves along the x-axis and is given by the equation ds/dt = 40 - 3t^2 m/s. Calculate the acceleration at time t=2 s and t=4 s. Calculate also the total displacement at the given interval. Assume at t=0 s=5m.Write the solution using pen and draw the graph if needed.

Chapter 4 Solutions

Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)

Ch. 4.1 - Checkpoint 1 (a) Fill in this table: x g(x) =...Ch. 4.1 - Prob. 2CP Ch. 4.1 - Checkpoint 3 Use a graphing calculator to graph ...Ch. 4.1 - Prob. 4CP Ch. 4.1 - Checkpoint 5 Graph Ch. 4.1 - Prob. 6CP Ch. 4.1 - Checkpoint 7 Per-person wine consumption (in...Ch. 4.1 - Classify each function as linear, quadratic, or...Ch. 4.1 - Prob. 2E Ch. 4.1 - Prob. 3E

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.