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:

Express

Implies clear and direct communication or conveyance of an idea, intention, or item without any ambiguity.

Executory

A term applied to a contract in which not all of the terms have been fully performed.

Doctrine of Substantial Performance

A legal principle acknowledging that if a party has performed enough of its contractual obligations, it may warrant payment, minus damages for incomplete work.

Complete Performance

Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.