Solved

By Using Data from the U

question 93

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. In what year will the purchasing power of a 1983 dollar be $0.10? Round-up your answer to the nearest year.

Definitions:

Frequency Distributions

A statistical representation, often in the form of a table or graph, showing how often each different value occurs in a set of data.

Class Width

The difference between the upper and lower boundaries of any class (category) in a frequency distribution.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Total Frequency

The sum of all frequencies in a data set, representing the total number of times a data point or category occurs.