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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
EBK MATHEMATICS WITH APPLICATIONS IN TH
- Find all values of x for the given function where the tangent line is horizontal. 3 =√x³-12x² + 45x+5arrow_forwardFind the equation of the tangent line to the graph of the given function at the given value of x. 6 f(x) = x(x² - 4x+5)*; x=2arrow_forward7. Suppose that X is a set, that I is a nonempty set, and that for each i Є I that Yi is a set. Suppose that I is a nonempty set. Prove the following:2 (a) If Y; CX for all i EI, then Uiel Yi C X. ¹See Table 4.8.1 in zyBooks. Recall: Nie X₁ = Vi Є I (x = X₁) and x = Uier X₁ = i Є I (x Є Xi). (b) If XCY; for all i Є I, then X Ciel Yi. (c) U(x)=xnUY. iЄI ΕΙarrow_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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