The following table shows the U.S. average annual wage in thousands of dollars for selected years from
Question:
(a) Find an exponential function that models these data. Use x equal to the number of years past 2010.
(b) Graph the model and the data on the same axes.
(c) What does the model predict that the average annual wage will be in 2054?
Transcribed Image Text:
Average annual wage (thousands of dollars) Average annual wage (thousands of dollars) Year Year 44.6 2030 2012 93.2 113.2 2014 48.6 2035 2040 2045 2016 53.3 137.6 2018 58.7 167.1 2050 2020 63.7 202.5 2025 76.8
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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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