Question
Complete the table by computing the absolute and relative change. Time Value Absolute Change Relative Change 0 207649 XXXXX XXXXX 1 228414 2 251255 3
Complete the table by computing the absolute and relative change.
Time | Value | Absolute Change | Relative Change |
0 | 207649 | XXXXX | XXXXX |
1 | 228414 | ||
2 | 251255 | ||
3 | 276381 | ||
4 | 304019 | ||
5 | 334421 |
(i) Which of the following statements are true? Select all that apply. A. The data show a constant % growth rate. B. The data suggest that an exponential model would be appropriate. C. The data increase by a fixed difference each year. D. The data suggest that a linear model would be appropriate. E. No model can be inferred from the data provided.
(ii) Use the data from the table to construct the appropriate model to predict the value at future times. What value does your model predict when the time is 9.25? (Express your answer rounded correctly to the nearest hundredth.) Answer =
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