The line graph shows the cost of inflation. What cost $10,000 in 1967 would cost the
Chapter 1, Problem 99(choose chapter or problem)
The line graph shows the cost of inflation. What cost $10,000 in 1967 would cost the amoulll shown by the graph in subsequelll year.t (111e symbol...,._ on the horizontal axis shoh'S that there is a break in values between 0 and 80. Tlws, the first tiik mark on the horizontal axis represents 1980.) 70 60 50 40 30 20 10 The Cost of IoDation Whlf cost you $10,000 ia 1967 wofl ml p tkis 11tdt i sukequent yutt. $24,900 t980 l%"5 1990 t995 2000 2005 1 ., Year 2008 Source: U.S. Burea ~ Labor Statistics Here are fwo mathematic-lit models for the data shown by the graph. In each formula. C represetlls the cost x years after 1980 of what cost $10,000 inl967. Modt-1 1 C - 1388x + 24,963 Model t c - 3x' + 1308.< + 25,268 Use these models to solve Exerdses 99-102. a. Use the graph to estimate the cost in 2000~ to t he nearest thousand dollars, or what cost $10.000 in 1967. b. Use model 1 to detem1ine the cost in 2000. How well does this describe your estimate from part (a)?c. Use model 2 to detem1ine the cost in 2000. How well does this describe your estimate from part (a)?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer