The table gives the average annual wage, in thousands of dollars, for selected years from 2012 and
Question:
(a) Find an exponential function that models the data, with x equal to the number of years after 2010 and y equal to the average annual wage in thousands of dollars. Report the model with three significant digits.
(b) Use the reported model to find a function that gives the instantaneous rate of change of the average annual wage. Report this function with three significant digits.
(c) Use the result in part (b) to predict the rate of growth of the average annual wage in 2040.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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