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Exponential functions

  • Thread starter Ishtar
  • Start date
  • #1
10
0
I just need some hints answering these questions like how to do the formulla
i can't figure out the formula

Question:

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 ________

thx
 

Answers and Replies

  • #2
1,357
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Hint: Reread the chapter in your book where you got this question from.
 
  • #3
HallsofIvy
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In particular, exactly what is an "exponential regression"?
 
  • #4
10
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thats wat i dont know, i no exp. function y=c(a)^t but, i don't think tats it
 
  • #5
HallsofIvy
Science Advisor
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Then look up "exponential regression" in the index of your book.
 

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