Find an Exponential Function to Model the Data Below and Use

question 55

Multiple Choice

Find an exponential function to model the data below and use it to predict what income the company should expect in its seventh year of operation. Round to the nearest tenth when necessary. $$\begin{array} { c | c } \text { Years of Operation } & \begin{array} { c } \text { Annual Income } \\\text { (in millions) }\end{array} \\\hline 1 & 0.3 \\2 & 0.7 \\3 & 1.2 \\4 & 1.9\end{array}$$

• A) 128 million
• B) 0.2 million
• C) 1.83 million
• D) 12.8 million

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Definitions:

Volatile Sector

An industry or market segment known for high levels of price fluctuation, often due to changes in supply and demand, political instability, or other factors.

Gross Investment

Gross investment refers to the total amount of money spent on acquiring new capital assets or improving existing ones before accounting for depreciation.

Expected Rate Of Profit

The anticipated return on investment expressed as a percentage; it motivates entrepreneurs and investors to undertake business ventures.

Expected Profits

The forecasted profitability of a venture or investment, taking into account anticipated costs and revenues.