Statistics

Starting in the year 2012, the number of speeding tickets issued each year in Middletown is predicted to grow according to an exponential growth model. During the year 2012, Middletown issued 240 speeding tickets (P0 = 240). Every year thereafter. the number of speeding tickets issued is predicted to grow by 5%. If P\" denotes the predicted number of speeding tickets during the year 2012 + n. then Write the recursive formula for P,l Pn=[:]xpn,. Write the explicit formula for Pfl If this trend continues. how many speeding tickets are predicted to be issued in 2025? C] tickets Ination causes things to cost more, and for our money to buy less (hence your grandparents saying \"In my day. you could buy a cup of coffee for a nickei\"). Suppose inflation decreases the value of money by 5% each year. In other words, ifyou have Si this year, next year It will only buy you $0.95 worth of stuff. How much will $100 buy you in 15 years? E Match each equation type below with an equation on the right Elinear, recursive a. Pap = 1.4.PN71 + 7 Ellnear. explicit b. PN = 3N + 7 Sexponendal. recursive c_ PN = 3(1_4)N Elexponentialexplicit d. P" = 1.4PN_1 E] none ofthese 9.1)\" = PN_1 + 7