Question: Sometimes when we are working with exponential models we are given data and we need to use Excel to find the model. Consider the following

Sometimes when we are working with exponential models we are given data and we need to use Excel to find the model. Consider the following scenario: A population of rabbits has been recorded over several years (See table below). Write an exponential regression equation that models the population of rabbits, R(t), since 1989.

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.