The average poverty threshold for 1990-2011 for a single individual can be modeled by y = -
Question:
y = - 4199.9 + 4436.3 ln x
where x is the number of years past 1980 and y is the annual income in dollars
(a) What does the model predict as the poverty threshold in 2018?
(b) Graph this function for x = 0 to x = 40 and y ≥ 0.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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