To find:The approximated threshold(in dollars)in 2012,using the given model.

Dillard 2021-02-10 Answered
To find:The approximated threshold(in dollars)in 2012,using the given model.
You can still ask an expert for help

Expert Community at Your Service

  • Live experts 24/7
  • Questions are typically answered in as fast as 30 minutes
  • Personalized clear answers
Learn more

Solve your problem for the price of one coffee

  • Available 24/7
  • Math expert for every subject
  • Pay only if we can solve it
Ask Question

Expert Answer

brawnyN
Answered 2021-02-11 Author has 91 answers
Concept: Modeling is a method of simulating the real life situations with mathematical equations. Using these models we can forecast the future behavior. We can translate the mathematical word problem into a math expression using variables.
Calculation:
The given model is Number of students =y=2.719x2+196.1x+8718
Using this model, we can approximate the threshold for a single person between the years 1999 and 2013.
y is the approximated threshold in dollars.
Here, x= 0 corresponds 1999
x=1 corresponds 2000.
x=2 corresponds 2001.
x=3 corresponds 2002.
x= 4 corresponds 2003.
x= 5 corresponds 2004.
So, x= 13 corresponds 2012.
So, substituting x= 6 in the given model, we get the approximated threshold (in dollars) in 2005.
So, estimated threshold in 2005=2.719(6)2+196.1(6)+8718
= 2.719(36) + 196.1(6) + 8718
= 97.884 + 1176.6 + 8718
= 9992.484 dollars
Final statement:
Therefore, the approximated threshold (in dollars) in 2005 is 9992.484 dollars.
Not exactly what you’re looking for?
Ask My Question

Expert Community at Your Service

  • Live experts 24/7
  • Questions are typically answered in as fast as 30 minutes
  • Personalized clear answers
Learn more

Relevant Questions

asked 2021-01-31
Explain : In your own words, describe a step-by-step approach for solving algebraic word problems.
asked 2021-02-25
What does it mean to say that algebra is a written language? How would I express an algebraic expression such as for example, numerator 3x2+5y and 2 as the denominator, in words?
asked 2021-06-02

Work each problem. Show that 2i is a solution of the equation x2+4x+5=0

asked 2022-01-28
There are 9 people eligible for the positions of president, vice-president, and secretary of the math club. How many different ways can the positions be filled?
asked 2022-05-01

A student bought a calculator and a textbook for a course in algebra. He told his friend that the total cost was $120$120 (without tax) and that the calculator cost $30$30 more than four times the cost of the textbook. What was the cost of each item? Let x=x= the cost of a calculator and y=y= the cost of the textbook. The corresponding modeling system is {x+y=120x=4y+30{x+y=120x=4y+30. Solve the system by using the method of substitution

 

asked 2021-09-24
Work each problem. Round to the nearest tenth of a degree, if necessary. A record low temperature of −89.4∘C was recorded at the Soviet Antarctica Station of Vostok on July 21, 1983. Find the corresponding Fahrenheit temperature.
asked 2022-05-01

Janet has 4 ¾ cups of sugar. She needs 1 ¼ cups to make 1 cake. How many cakes can she make?

 

 

Solve your problem for the price of one coffee

  • Available 24/7
  • Math expert for every subject
  • Pay only if we can solve it
Ask Question