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The Graph Shows the Actual Percentage of U P(x)=931+5.35(1.05)xP ( x ) = \frac { 93 } { 1 + 5.35 ( 1.05 ) ^ { - x } }

Question 18

Multiple Choice

The graph shows the actual percentage of U.S. households with a computer as a function of household income (the data points) and a logistic model of these data (the curve) . The logistic model is P(x) =931+5.35(1.05) xP ( x ) = \frac { 93 } { 1 + 5.35 ( 1.05 ) ^ { - x } }
Where x is the household income in thousands of dollars. According to the model, what percentage of extremely wealthy households had computers
 The graph shows the actual percentage of U.S. households with a computer as a function of household income (the data points)  and a logistic model of these data (the curve) . The logistic model is    P ( x )  = \frac { 93 } { 1 + 5.35 ( 1.05 )  ^ { - x } }    Where x is the household income in thousands of dollars. According to the model, what percentage of extremely wealthy households had computers        A)   P ( x )   is close to  N = 94 \%  . B)   P ( x )   is close to  N = 100 \%  . C)   P ( x )   is close to  N = 92 \%  . D)   P ( x )   is close to  N = 88 \%  . E)   P ( x )   is close to  N = 93 \%  .


A) P(x) P ( x ) is close to N=94%N = 94 \% .
B) P(x) P ( x ) is close to N=100%N = 100 \% .
C) P(x) P ( x ) is close to N=92%N = 92 \% .
D) P(x) P ( x ) is close to N=88%N = 88 \% .
E) P(x) P ( x ) is close to N=93%N = 93 \% .

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