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 |
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
MYMATHLAB ACCESS CODE - MATHEMATICS WIT
- Which degenerate conic is formed when a double cone is sliced through the apex by a plane parallel to the slant edge of the cone?arrow_forwardFor the problem below, what are the possible solutions for x? Select all that apply. 2 x²+8x +11 = 0 x2+8x+16 = (x+4)² = 5 1116arrow_forwardFor the problem below, what are the possible solutions for x? Select all that apply. x² + 12x - 62 = 0 x² + 12x + 36 = 62 + 36 (x+6)² = 98arrow_forward
- Select the polynomials below that can be solved using Completing the Square as written. 6m² +12m 8 = 0 Oh²-22x 7 x²+4x-10= 0 x² + 11x 11x 4 = 0arrow_forwardProve that the usual toplogy is firast countble or hot and second countble. ①let cofinte toplogy onx show that Sivast countble or hot and second firast. 3) let (x,d) be matricspace show that is first and second countble. 6 Show that Indiscret toplogy is firstand Second op countble or not.arrow_forwardH.W For any events A and B, show that 1. P(AB)s P(A)≤ P(AUB)≤ P(A) + P(B)arrow_forward
- a) Find the scalars p, q, r, s, k1, and k2. b) Is there a different linearly independent eigenvector associated to either k1 or k2? If yes,find it. If no, briefly explain.arrow_forwardPlz no chatgpt answer Plz Will upvotearrow_forward1/ Solve the following: 1 x + X + cos(3X) -75 -1 2 2 (5+1) e 5² + 5 + 1 3 L -1 1 5² (5²+1) 1 5(5-5)arrow_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