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Homework Help: Exponential functions

  1. Apr 9, 2007 #1
    I just need some hints answering these questions like how to do the formulla
    i can't figure out the formula


    Use the following information to answer the next three questions.,

    The profit of a small busmess is given below

    Year Profit

    2001 $28000

    2002 $32000

    2003 $40 000

    2004 $49000

    2005 $60000

    If the owner of the business uses an exponential regression to predict the profits in the year 2010, the expected profit (in thousands) is _____

    The business will achieve a profit of $800000 in the year _____

    A rival business has their pront increase modeled by the function
    P(t) = 13500(1.24)^t . The profit of this business will overtake the profits of the first business, for the first time, in the year ________

  2. jcsd
  3. Apr 9, 2007 #2
    Hint: Reread the chapter in your book where you got this question from.
  4. Apr 9, 2007 #3


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    Science Advisor

    In particular, exactly what is an "exponential regression"?
  5. Apr 9, 2007 #4
    thats wat i dont know, i no exp. function y=c(a)^t but, i don't think tats it
  6. Apr 9, 2007 #5


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    Science Advisor

    Then look up "exponential regression" in the index of your book.
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