Find the value of x in this problem

Growth Models 19515. In 1968, the U.S. minimum wage was $1.60 per hour. In 1976, the minimum wagewas $2.30 per hour. Assume the

VikaD [51]

In general, the exponential growth function is given by the formula below

$f(x)=a(1+r)^x$

Where a and r are constants, and x is the number of time intervals.

In our case, n=0 for 1960; therefore, 1968 is n=8,

$\begin{gathered} f(8)=a(1+r)^8 \\ \text{and} \\ f(8)=1.6 \\ \Rightarrow1.6=a(1+r)^8 \end{gathered}$

And 1976 is n=16

$\begin{gathered} f(16)=a(1+r)^{16} \\ \text{and} \\ f(16)=2.3 \\ \Rightarrow2.3=a(1+r)^{16} \end{gathered}$

Solve the two equations simultaneously, as shown below

$\begin{gathered} \frac{1.6}{(1+r)^8}=a \\ \Rightarrow2.3=\frac{1.6}{(1+r)^8}(1+r)^{16} \\ \Rightarrow2.3=1.6(1+r)^8 \\ \Rightarrow\frac{2.3}{1.6}=(1+r)^8 \\ \Rightarrow(\frac{2.3}{1.6})^{\frac{1}{8}}=(1+r)^{}^{} \\ \Rightarrow r=(\frac{2.3}{1.6})^{\frac{1}{8}}-1 \\ \Rightarrow r=0.0464078 \end{gathered}$

Solving for a,

$\begin{gathered} r=0.0464078 \\ \Rightarrow a=\frac{1.6}{(1+0.0464078)^8}=1.113043\ldots \end{gathered}$

a) Thus, the equation is

$\Rightarrow f(n)=1.113043\ldots(1+0.0464078\ldots)^n$

b) 1960 is n=0; thus,

$f(0)=1.113043\ldots(1+0.0464078\ldots)^0=1.113043\ldots$

The answer to part b) is $1.113043... per hour

c)1996 is n=36

$\begin{gathered} f(36)=1.113043\ldots(1+0.0464078\ldots)^{36} \\ \Rightarrow f(36)=5.6983\ldots \end{gathered}$

The model prediction is above $5.15 by $0.55 approximately. The answer is 'below'

4 0

1 year ago

Graph 12 gallons per minute

m_a_m_a [10]

I hope this helps..... ;)

4 0

4 years ago

Please help i am confusion<br> is number 12. -3?

zzz [600]

Answer:

Step-by-step explanation:

5 0

3 years ago

The endpoints of AB are A(2, 3) and B(8, 1). The perpendicular bisector of AB is CD, and point C lies on AB. The length of CD is

marysya [2.9K]

Comment
If C lies on AB Then it must be the midpoint of AB because CD is the Perpendicular Bisector of AB

Midpoint
A(2,3) B(8,1)
Midpoint formula = (x1 + x2)/2 + (y1 + y2)/2
Midpoint = (2 + 8)/2 + (3 + 1) / 2
Midpoint = 10/2 + 4/2
Midpoint = (5,2) <<<<< answer

Slope AB
slope = (y2 - y1)/(x2 - x1)
slope = (3 - 1) / (2 - 8)
slope = 2/-6 = -1/3

Slope CD
CD_slope * AB_slope = - 1
CD_slope * -1/3 = -1 multiply both sides by - 3
CD_slope * 1 = - 1 * -3
CD_slope = 3 <<<<< Slope CD Answer

Equation CD
Given the midpoint of AB which is C( and the slope of CD
y = 3x + b
2 = 3*5 + b
b = - 13
Equation y = 3x - 13

Using Distance to get D
d^2 = (x1 - x2)^2 + (y2 - y1)'^2
d^2 = (x2 - 5)^2 + (y2 - 2)^2
y2 = 3*x2 - 13
10 = x2^2 - 10x2 + 25 + (3x2 - 13 - 2)^2
10 = x2^2 - 10x2 + 25 + (3x2 - 15)^2
10 = x1^2 - 10x2 + 25 + 9x^2 - 90x2 + 225
10 = 10x2^2 - 100x2 +250
0 = 10x2^2 - 100x2 + 240 Divide through by 10
0 = x2^2 - 10x^2 + 24
0 = (x2 - 6)(x2 - 4)

x2 = 6 or
x2 = 4

Using y2 = 3x - 13
for x2 = 4
then y2 = 3(4) - 13
y2 = - 1

for x2 = 6
y2 = 3*6 - 13
y2 = 5

Possible Answers for D
D = (4,-1)
D = (6,5)

I've included a graph to show a graphical solution.

Please note in a week's time, if no one else answers, you can award a Brainly. This question took over an hour. If someone else answers, please choose one of us.

7 0

4 years ago

What will you get if you subtract 11457 from the sum of 36198 and 74105 ?

nignag [31]

Answer

[36198+74105]-11457

110 303 -11 457

=98 846

Step-by-step explanation:

4 0

3 years ago