HUNTER filed for Chapter 13 bankruptcy in 2009. Even if she planned to take the maximum time allowed under Chapter 13 to repay h
2 answers:
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Answer:
a)
Now we can find the intercept using the first condition:
And the model would be given by:
The initial amount is A = 860 and we have:
Now we can use the second condition:
And solving for r we got:
And the model would be:
b)
Step-by-step explanation:
Part a
For this case we have the following info given:
Where 0 represent the starting year in 1990.
And 5 years later we have 1210 people:
And we want to create a model like this:
And we can estimate the slope like this:
And replacing we got:
Now we can find the intercept using the first condition:
And the model would be given by:
And if we want an exponential model like this:
The initial amount is A = 860 and we have:
Now we can use the second condition:
And solving for r we got:
And the model would be:
Part b
For this case we want to estimate the population in the year 2000. And that represent 10 years from 1990 so then x =10 and replacing we got:
And for the exponential model we have: