My values:
1 answer:
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Answer:
total profit=$607.278
Step-by-step explanation:
company's profit in 1985= $535 million
company's profit in 1990=$570 million
growth rate =
=
= 6.54 %
profit in year 1995 will be =
hence total profit= $570+$37.278
= $607.278
Answer:
Option D [] in the list of possible answers
Step-by-step explanation:
For this problem you are supposed to use a calculator that allows you to do an exponential regression. There are many tools that can help you with that, depending on what your instructors has assigned for your class.
I am showing you the results of a graphing tool I use, and which after entering the x-values and the y-values in independent "List" forms, when I request the exponential regression to fit the data, I get what you can see in the attached image.
Notice that the exponential of best fit with my calculator comes in the form:
with optimized parameters:
Notice as well that since:
the exponential best fit can also be written:
and this expression is very close to the last option shown in your list of possible answers
