Watch the video and then solve the problem given below.Click here to watch the video.The accompanying table shows the average annual wage for a country, in thousands of dollars, for selected years from 1980 and projected to 2050. Complete parts a through c.a. Find an exponential function that models these data, with x equal to the number of years after 1980 and y equal to the average annual wage in thousands of dollars.The equation of an exponential function that models the data is y=(Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.)b. Graph the model and the data on the same axes. Choose the correct graph below.All graphs are shown in a [0,70,10] by [0,250,50] viewing window.O A.O B.$VtsR%5G617 4-&N7*800QM(OC.9no 11)OTYUNOPFGHJKLUVBNM 9A-alt{?[7O D.+=insert}]ctriது)0pauseprt scNext5:39 PM11/20/2022backspacedelethenter36 Watch the video and then solve the problem given below.Click here to watch the video.The accompanying table shows the average annual wage for a country, in thousands of dollaClick on the icon to view the data table.All graphs are shown in a [0,70,10] by [0,250,50] viewing window.OA.OB.c. What does the model predict that the average annual wage will be in 2040?2040 will be $ thousand.According to the model, the average annual wage(Round to one decimal place as needed.)144fsR%5A6&7*00Q8C19 144(O9TYULFGHJKVBNMEno-IIO)Data tableOP-altYear198019902000-201020122014201620182020202520302035204020452050{?Print[+(}Average Annual Wage($thousands)11.9insertDonectrl]pause←23.734.340.341.946.657.159.863.467.387.8112.5138 2163.3181.2prt sc5:39 PM11/20/2022backspacedeletehomenterT shift36

Given information Year Year Average annual wage (,000) 1980 0 11.9 1990 10 23.7 2000 20…

The accompanying table shows the average annual wage for a country, in thousands of dollars, for selected years from 1980 and projected to 2050. Complete parts a throu a. Find an exponential function that models these data, with x equal to the number of years after 1980 and y equal to the average annual wage in thousands of dollars. The equation of an exponential function that models the data is y= (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) b. Graph the model and the data on the same axes. Choose the correct graph below. All graphs are shown in a [0,70,10] by [0,250,50] viewing window. O A. O B. O C. OD.

The accompanying table shows the average annual wage for a country, in thousands of dollars, for selected years from 1980 and projected to 2050. Complete parts a throu a. Find an exponential function that models these data, with x equal to the number of years after 1980 and y equal to the average annual wage in thousands of dollars. The equation of an exponential function that models the data is y= (Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) b. Graph the model and the data on the same axes. Choose the correct graph below. All graphs are shown in a [0,70,10] by [0,250,50] viewing window. O A. O B. O C. OD.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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