Modeling Personal income Total personal income in the United States (in billions of dollars) for selected years from 1960 to 2002 is given in the following table.
Year 1960 1970 1980 1990 2000 2002
Personal
Income 411.7 836.1 2285.7 4791.6 8406.6 8929.1
These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years past 1960.
If this model is accurate, what will be the total in the year 2010?

Question

Modeling Personal income Total personal income in the United States (in billions of dollars) for selected years from 1960 to 2002 is given in the following table.
Year                1960         1970          1980           1990           2000           2002
Personal 
    Income       411.7        836.1        2285.7        4791.6        8406.6        8929.1
These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years past 1960.
If this model is accurate, what will be the total in the year 2010?

anonymous · Answer

A) $15434.27 billion 
B) $17341.43 billion 
C) $18,466.61 billion 
D) $12570.62 billion 
E) $20393.92 billion