Question
I need help below. I have tried 31.27(1+4.87)^9.75 and also 31.27(1+.06)^9.75 and I just am not getting this correct. All of the absolute change amounts
I need help below. I have tried 31.27(1+4.87)^9.75 and also 31.27(1+.06)^9.75 and I just am not getting this correct. All of the absolute change amounts are 4.87 and the relative range from .16 to .06. please help me solve this .
Complete the table by computing the absolute and relative change.
Time | Value | Absolute Change | Relative Change |
0 | 31.27 | XXXXX | XXXXX |
1 | 36.14 | ||
2 | 41.01 | ||
3 | 45.88 | ||
4 | 50.75 | ||
5 | 55.62 |
(i) Which of the following statements are true? Select all that apply. A. The data shows a constant growth rate. B. No model can be inferred from the data provided. C. The data suggest that a linear model would be appropriate. D. The data shows a constant change from year to year. E. The data suggest that an exponential model would be appropriate.
(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 9.75? (Express your answer rounded correctly to the nearest hundredth.) Answer =
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