The demand for physicians is expected to increase in the future, as shown in the table on
Question:
The demand for physicians is expected to increase in the future, as shown in the table on the following page.
a. Plot the data, letting t = 0 correspond to 2000. Does fitting an exponential curve to the data seem reasonable?
b. Use the data for 2006 and 2015 to find a function of the form f(x) = Cekt that goes through these two points.
c. Use your function from part c to predict the demand for physicians in 2020 and 2025. How well do these predictions fit the data?
d. If you have a graphing calculator or computer program with an exponential regression feature, use it to find an exponential function that approximately fits the data. How does this answer compare with the answer to part b?
Step by Step Answer:
here is the data plotted with t 0 corresponding to 2000 An exponential curve does appear to be a rea...View the full answer
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
