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Suppose the rate of change of total personal income I in the United States (in billions of dollars) can be modeled by , where t is the number of years past 1960. Find the total personal income in 2016 by using the arbitrary constant that is evaluated by using the data point from 1960. Also find the rate of change of total personal income in 2016. Round your answers to two decimal places.
Evaluating
The process of assessing or examining something to determine its value, quality, or significance.
Support Training
Training programs designed to enhance the skills and knowledge of support staff, ensuring effective assistance and customer service.
Research Hypothesis
An assertion or prediction that specifies a relationship between two or more variables that the researcher seeks to prove or disprove.
Calculate Statistics
The process of deriving meaningful conclusions from quantitative data, including summarization and analysis.
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