In each of the following problems, find an exponential function of the form
Office Rent The annual average price per square foot for office space in San Francisco was $30.48 in 2004, and it was $66.71 in 2015. (Data from: San Francisco Business Times.)
Find a model for these data in which
If the model remains accurate, what was the predicted rent per square foot in 2016?
By experimenting with different values (or using a graphing calculator to solve an appropriate equation), estimate the first full year in which the price per square foot exceeded $45.
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Check out a sample textbook solutionChapter 4 Solutions
Mathematics with Applications and Mylab Math with Pearson EText -- Title-Specific Access Card Package
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