The Amount of Money Invested in a Certain Mutual Funds

question 91

Multiple Choice

The amount of money invested in a certain mutual funds, measured in millions of dollars, for the years 1995 to 1999 was found to be modeled by million dollars, where x is the number of years past 1990. Will the graph of this function bend upward or will it bend downward? How much money is predicted to be in the fund in the year 2009? Round your answer to two decimal places. ​

• A)the function's graph bends upward; the function predicts 134,947.08 million dollars in 2009
• B)the function's graph bends downward; the function predicts 134,947.08 million dollars in 2009
• C)the function's graph bends upward; the function predicts 68,279.14 million dollars in 2009
• D)the function's graph bends downward; the function predicts 1,611.20 million dollars in 2009
• E)the function's graph bends upward; the function predicts 1,611.20 million dollars in 2009

---

Definitions:

Direct Labor Time Variance

The difference between the estimated time to complete a job and the actual time taken, impacting manufacturing costs.

Standard Costs

Predetermined costs assigned to goods and services, used in setting a budget and analyzing performance.

Actual Costs

The actual expenses incurred in the production of goods or services, as opposed to estimated or standard costs.

Time Variance

This refers to the difference between the expected time to complete a task and the actual time taken.