Solved

The Following 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 13

Multiple Choice

The following 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. For low incomes, the logistic model is approximately exponential. Which exponential model best approximates P(x) for small x Round the coefficients to the nearest hundredth.
 The following 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. For low incomes, the logistic model is approximately exponential. Which exponential model best approximates P(x)  for small x  Round the coefficients to the nearest hundredth.       A)   P ( x )  = 17.65 ( 2.1 )  ^ { x }  B)     P ( x )  = 14.65 ( 1.05 )  ^ { - x }  C)     P ( x )  = 17.65 ( 1.05 )  ^ { x }  D)     P ( x )  = 14.65 ( 1.05 )  ^ { x }  E)     P ( x )  = 14.65 ( 2.1 )  ^ { - x }


A) P(x) =17.65(2.1) xP ( x ) = 17.65 ( 2.1 ) ^ { x }
B) P(x) =14.65(1.05) xP ( x ) = 14.65 ( 1.05 ) ^ { - x }
C) P(x) =17.65(1.05) xP ( x ) = 17.65 ( 1.05 ) ^ { x }
D) P(x) =14.65(1.05) xP ( x ) = 14.65 ( 1.05 ) ^ { x }
E) P(x) =14.65(2.1) xP ( x ) = 14.65 ( 2.1 ) ^ { - x }

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents