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:

Opportunity Cost

Overlooking potential gains available from different alternatives by settling on one choice.

Muffin

A small, baked good often sweetened and sometimes containing fruits, nuts, or chocolate, typically enjoyed as a snack or quick breakfast.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Radios

Electronic devices for receiving radio waves and converting them into sound or other signals.