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Use a graphing utility to find an exponential regression formula f ( x ) and a logarithmic regression formula g ( x ) for the points ( 1.5 , 1.5 ) and ( 8.5 ,  8 .5 ) . Round all numbers to 6 decimal places. Graph the points and both formulas along with the line y = x on the same axis. Make a conjecture about the relationship of the regression formulas.

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Verify the conjecture made in the previous exercise. Round all numbers to six decimal places when necessary.

First rewrite the exponential with base e : f ( x ) = 1.034341 e 0 .247800x . Then test to verify that f ( g ( x ) ) = x , taking rounding error into consideration:

g ( f ( x ) ) = 4.035510 ln ( 1.034341 e 0 .247800x ) 0.136259 = 4.03551 ( ln ( 1.034341 ) + ln ( e 0 .2478 x ) ) 0.136259 = 4.03551 ( ln ( 1.034341 ) + 0 .2478 x ) 0.136259 = 0.136257 + 0.999999 x 0.136259 = 0.000002 + 0.999999 x 0 + x = x

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Find the inverse function f 1 ( x ) for the logistic function f ( x ) = c 1 + a e b x . Show all steps.

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Use the result from the previous exercise to graph the logistic model P ( t ) = 20 1 + 4 e 0.5 t along with its inverse on the same axis. What are the intercepts and asymptotes of each function?

Graph of P(t)=20/(1+40.5e^(-0.5t)) and P(t)=(ln(4)-ln((20/t)-1)/0.5.

The graph of P ( t ) has a y -intercept at (0, 4) and horizontal asymptotes at y = 0 and y = 20. The graph of P 1 ( t ) has an x - intercept at (4, 0) and vertical asymptotes at x = 0 and x = 20.

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Chapter review exercises

Exponential Functions

Determine whether the function y = 156 ( 0.825 ) t represents exponential growth, exponential decay, or neither. Explain

exponential decay; The growth factor, 0.825 , is between 0 and 1.

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The population of a herd of deer is represented by the function A ( t ) = 205 ( 1.13 ) t , where t is given in years. To the nearest whole number, what will the herd population be after 6 years?

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Find an exponential equation that passes through the points (2, 2 .25) and ( 5 , 60.75 ) .

y = 0.25 ( 3 ) x

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Determine whether [link] could represent a function that is linear, exponential, or neither. If it appears to be exponential, find a function that passes through the points.

x 1 2 3 4
f(x) 3 0.9 0.27 0.081
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A retirement account is opened with an initial deposit of $8,500 and earns 8.12 % interest compounded monthly. What will the account be worth in 20 years?

$ 42 , 888.18

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Hsu-Mei wants to save $5,000 for a down payment on a car. To the nearest dollar, how much will she need to invest in an account now with 7.5 % APR, compounded daily, in order to reach her goal in 3 years?

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Does the equation y = 2.294 e 0.654 t represent continuous growth, continuous decay, or neither? Explain.

continuous decay; the growth rate is negative.

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Suppose an investment account is opened with an initial deposit of $10,500 earning 6.25 % interest, compounded continuously. How much will the account be worth after 25 years?

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Graphs of Exponential Functions

Graph the function f ( x ) = 3.5 ( 2 ) x . State the domain and range and give the y -intercept.

domain: all real numbers; range: all real numbers strictly greater than zero; y -intercept: (0, 3.5);

Graph of f(x)=3.5(2^x)
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Graph the function f ( x ) = 4 ( 1 8 ) x and its reflection about the y -axis on the same axes, and give the y -intercept.

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The graph of f ( x ) = 6.5 x is reflected about the y -axis and stretched vertically by a factor of 7. What is the equation of the new function, g ( x ) ? State its y -intercept, domain, and range.

g ( x ) = 7 ( 6.5 ) x ; y -intercept: ( 0 ,  7 ) ; Domain: all real numbers; Range: all real numbers greater than 0.

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Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
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appreciation
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In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
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Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
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Jabir
What do you think is more important to focus on when considering inequality ?
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sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
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it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
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In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
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Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
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What is the difference between perfect competition and monopolistic competition?
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Source:  OpenStax, College algebra. OpenStax CNX. Feb 06, 2015 Download for free at https://legacy.cnx.org/content/col11759/1.3
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