By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent.
A)$6.33
B)$2.30
C)$5.25
D)$19.03
E)$3.11

Question

By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function  , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent. ​
A)$6.33 
B)$2.30 
C)$5.25 
D)$19.03 
E)$3.11

Quizplus · Accepted Answer

The Answer of By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function  , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent. ​
A)$6.33 
B)$2.30 
C)$5.25 
D)$19.03 
E)$3.11

By Using Data from the U