Answer:
B
Step-by-step explanation:
In slope intercept form, y = mx + b, the m is the slope, the b is the y intercept, and x and y can be subbed in from the point you are given of (1, 3). We are told the slope, so everything we have fills in like this:
Now we just need to solve for b:
and
so
Answer:
Wayne west would have $5,015 in six months
Step-by-step explanation:
The formula for exponential regression model is y = αβˣ
Where y is amount of money in 1000 dollars
x is time in months
We are given that α = 4.2 and β = 1.03 and x = 6 months
Therefore, based on this model, y = αβˣ, the amount he would have in 6 months, y =
y = 5.015 × 1000 = $ 5,015