2. Exponential Functions. In Fair Pay you visit the fairground administration building as a potential employee....

  

Transcribed Image Text:

2. Exponential Functions. In "Fair Pay" you visit the fairground administration building as a potential employee. You decide if the salary grid is fair today and in the future. Table of Present Hourly Wages and their Future Growth Hourly Hourly Wage Wage (20 (10 years) years) $9.77 $15.92 $25.93 C. i) Years of Experience iv) 0 1 2 3 4 5 6 7 8 Hourly Wage (present) $6.00 $6.50 $7.00 $7.50 $8.00 $8.50 $9.00 $9.50 $10.00 To keep ahead of inflation the employees will get a yearly 5% increase. The minimum and maximum hourly wages after 10, 20, and 30 years are given. A. Graph the minimum (0 year row) salary and the maximum (10 year row) salary growth as two separate curves on the same axes. B. B. Create separate equations for the "0 year" data and "10 year" data using function notation to express your answer. Use the form W(t) = ?, where "W" is the hourly wage in dollars and "t" is the time in years. Is W(t) a function? State your reasoning. Hourly Hourly Wage Wage (30 (40 years) years) $ If the domain is restricted to 0 <= t <= 30, what is the range on this interval for the maximum experience? D. i) Extrapolate from the given data set to find W(40) = ?, the hourly wage for both minimum and maximum experience after 40 years of 5% increases. Page 2 June 2021 ii) iv) v) vi) Divide the 30 year hourly wage by the present hourly wage for both the "0 year" and "10 year" experience level. How many times bigger is the salary after 30 years? Subtract the present hourly wage from the 30 year hourly wage for both the "0 year" and "10 year" experience level. What is the increase in each salary after 30 years? Do you think this method of increasing the salary grid is acceptable to all employees? Explain with reference to your calculations as well as employee quality and type of job. 2. Exponential Functions. In "Fair Pay" you visit the fairground administration building as a potential employee. You decide if the salary grid is fair today and in the future. Table of Present Hourly Wages and their Future Growth Hourly Hourly Wage Wage (20 (10 years) years) $9.77 $15.92 $25.93 C. i) Years of Experience iv) 0 1 2 3 4 5 6 7 8 Hourly Wage (present) $6.00 $6.50 $7.00 $7.50 $8.00 $8.50 $9.00 $9.50 $10.00 To keep ahead of inflation the employees will get a yearly 5% increase. The minimum and maximum hourly wages after 10, 20, and 30 years are given. A. Graph the minimum (0 year row) salary and the maximum (10 year row) salary growth as two separate curves on the same axes. B. B. Create separate equations for the "0 year" data and "10 year" data using function notation to express your answer. Use the form W(t) = ?, where "W" is the hourly wage in dollars and "t" is the time in years. Is W(t) a function? State your reasoning. Hourly Hourly Wage Wage (30 (40 years) years) $ If the domain is restricted to 0 <= t <= 30, what is the range on this interval for the maximum experience? D. i) Extrapolate from the given data set to find W(40) = ?, the hourly wage for both minimum and maximum experience after 40 years of 5% increases. Page 2 June 2021 ii) iv) v) vi) Divide the 30 year hourly wage by the present hourly wage for both the "0 year" and "10 year" experience level. How many times bigger is the salary after 30 years? Subtract the present hourly wage from the 30 year hourly wage for both the "0 year" and "10 year" experience level. What is the increase in each salary after 30 years? Do you think this method of increasing the salary grid is acceptable to all employees? Explain with reference to your calculations as well as employee quality and type of job.

Answer rating: 100% (QA)

A 3 5 Xq 0 10 20 30 40 x2 0 10 20 y 30 40 6 y 6105 977 1592 2593 4224 11 ... View the full answer