Smallville’s town council has records of the town’s budget over a 10-year period. Create a best fit and model for the data. What
does the model predict the town’s budget will be in the year 2011?
1 answer:
I found the missing image and choices.
If these were the missing choices:
If these were the missing choices:
A)$391,000
B)$417,000
C)$404,000
D)$411,000
My answer is D) $411,000 in 2011.
There is an average increase of 4% from the previous budget to arrive at the amount of the current year.
2009 budget $381,700
381,700 * (1.04)² = 381,700 * 1.0816 = 412,846.72 only Choice D. is nearest to the amount
2000 budget $265,100
265,100 * (1.04)¹¹ = 265,100 * 1.540 = 408,254 only Choice D. is nearest to the amount.
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