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Concept explainers
In the following exercises, find the exponential model as follows: If you do not have suitable technology, use the first and last data points to find a function. (See Examples 3 and 4.) If you have a graphing calculator or other suitable technology, use exponential regression to find a function. (See Example 4.)
Business The table shows outstanding consumer credit (in billions of dollars) at the beginning of various years. (Data from: U.S. Federal Reserve.)
Find the exponential model for these data, where
If this model remains accurate, what will the outstanding consumer credit be in 2020 and 2025?
What is the first full year where consumer credit exceeds $6500 billion?
Year | Credit |
1980 | 350 |
1985 | 524 |
1990 | 798 |
1995 | 1010 |
2000 | 1539 |
2005 | 2197 |
2010 | 2544 |
2015 | 330 |
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Chapter 4 Solutions
Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
- Female Male Totals Less than High School Diploma 0.077 0.110 0.187 High School Diploma 0.154 0.201 0.355 Some College/University 0.141 0.129 0.270 College/University Graduate 0.092 0.096 0.188 Totals 0.464 0.536 1.000arrow_forwardFemale Male Totals Less than High School Diploma 0.077 0.110 0.187 High School Diploma 0.154 0.201 0.355 Some College/University 0.141 0.129 0.270 College/University Graduate 0.092 0.096 0.188 Totals 0.464 0.536 1.000arrow_forwardUse Euler's method to numerically integrate dy dx -2x+12x² - 20x +8.5 from x=0 to x=4 with a step size of 0.5. The initial condition at x=0 is y=1. Recall that the exact solution is given by y = -0.5x+4x³- 10x² + 8.5x+1arrow_forward
- Find an equation of the line tangent to the graph of f(x) = (5x-9)(x+4) at (2,6).arrow_forwardFind the point on the graph of the given function at which the slope of the tangent line is the given slope. 2 f(x)=8x²+4x-7; slope of the tangent line = -3arrow_forwardUse the product rule to find the derivative of the following. p(y) (y¹ + y²) (6y¯³-10y¯4)arrow_forward
- What is the area of this figure? 22 mm 5 mm 3 mm 3 mm 7 mm 4 mm Write your answer using decimals. Use 3.14 for л. Submit square millimetersarrow_forwardSuppose you know that Bob's test score is above the mean, but he doesn't remember by how much. At least how many students must score lower than Bob?arrow_forwardIf 0 = 0 = 10元 3 10元 then find exact values for the following. If the trigonometric function is undefined fo enter DNE. > 3 sec(0) equals csc(0) equals tan(0) equals cot (0) equals من Question Help: Video B من B Submit Question Jump to Answerarrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell
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