By Using Data from the U

question 95

Multiple Choice

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

---

Definitions:

Showmanship

The skill of presenting something, especially a performance, in an attractive or striking manner.

Indirect Strategy

A communication approach where the main point is not immediately presented, allowing for a gradual introduction of the subject.

Bad News

Information that is unpleasant, disappointing, or negative and affects someone in an adverse way.

Instant Messaging

A form of real-time communication between two or more people based on typed text over the internet or a network.