Question: The following table shows the U.S. average annual wage in thousands of dollars for selected years from 2012 and projected to 2050. (a) Find an

The following table shows the U.S. average annual wage in thousands of dollars for selected years from 2012 and projected to 2050.
(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?

Average annual wage (thousands of dollars) Average annual wage (thousands of dollars) Year Year 44.6 2030 2012 93.2 113.

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

Step by Step Solution

3.52 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a y 421 104 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1386-M-C-L-A-D(3100).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!