Energy use per dollar of GDP indexed to 1980 means that energy use for any year is
Question:
Energy use per dollar of GDP indexed to 1980 means that energy use for any year is viewed as a percent of the use per dollar of GDP in 1980. The following data show the energy use per dollar of GDP, as a percent, for selected years from 1985 and projected to 2035.
(a) Find a linear function that models these data, with x equal to the number of years past 1980 and y equal to the energy use per dollar of GDP, as a percent.
(b) Find a cubic function that models these data, with x equal to the number of years past 1980 and y equal to the energy use per dollar of GDP, as a percent.
(c) Graph each model and the data on the same axes.
(d) Which model indicates that the percent of energy use may increase after 2035?
Energy Use per Dollar of GDP
Step by Step Answer:
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds