Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Total personal income of the country (in billions of dollars) for selected years from 1958 to 2003 is given in the table. Year Personal
Total personal income of the country (in billions of dollars) for selected years from 1958 to 2003 is given in the table. Year Personal Income 1958 412.8 1968 832.7 (a) These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years after 1958 1978 2305.9 1988 4878.7 (b) If this model is accurate, what will be the country's total personal income in 2008? (c) In what year does the model predict the total personal income will reach $22 trillion? 1998 8423.9 2003 10,233.8
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started