Find an exponential equation that models the data

Reference no: EM131798274

Question: Modeling consumer price index the consumer price index (CPI) is calculated by finding the total price of various items that have been averaged according to a prescribed formula. The table gives the consumer price index of all urban consumers (CPI-U) for selected years from 1940 to 2008.

(a) With x representing years past 1900, find an exponential equation that models these data.

(b) Use your model to predict the rate of growth in this price index in 2018.

(d) With the model from (c), use the numerical derivative feature of your calculator to find the rate of change in 2018.

Reference no: EM131798274

Questions Cloud

Find the rate of change of the total us personal income : Personal income total personal income in the United States (in billions of dollars) for selected years from 1960 and projected to 2018 is given in the table.

Compute the employer total payroll taxes expense : FICA Medicare on all wages; 0.8% federal unemployment taxes on the first $7,000; Compute the employer's total payroll taxes expense

Cultural issues contribute to ongoing language controversies : How do cultural issues contribute to ongoing language controversies?

What is goal of modern manufacturing or service facility : What is the goal of a modern manufacturing or service facility? How can an organization achieve that goal (from week one notes)?

Find an exponential equation that models the data : Modeling consumer price index the consumer price index (CPI) is calculated by finding the total price of various items that have been averaged according.

How implementing form of computer-mediated technology affect : Write a 700 word journal entry in narrative style. How would implementing new forms of computer-mediated technology affect your organization's communication?

Application of the corporations act : Research Students need to support their analysis from the text and the Corporations Act - You are required to create a constitution making a class of NON VOTING

Calculate the internal rate of return on this project : The company estimates that annual cash inflows would increase by $301,440. Calculate the internal rate of return on this project

Predict the rate of change of tourism receipts : World tourism the receipts (in billions of dollars) for world tourism can be modeled by the function y = 165.550(1.055x).

User Account

All Pages