Find an Exponential Model for the Following Data Set $y = 0.77 \times 3.04 ^ { t}$

question 65

Multiple Choice

Find an exponential model for the following data set.

• A) \(y = 0.77 \times 3.04 ^ { t}\)
• B) \(y = 1.3 \times 3.04 ^ { t }\)
• C) \(y = 3.04 \times 0.77 ^ {t}\)
• D) \(y = 3.04 \times 1.3 ^ { t }\)

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Definitions:

Nominal Return

The amount of money gained or lost on an investment, without adjusting for inflation, as opposed to the real return which is adjusted for inflation.

Real Rate

The interest rate adjusted for inflation, representing the true cost of borrowing or the true return on investment.

Variance

A statistical measurement of the dispersion of a set of values, indicating how much the numbers in the set deviate from the mean or average of the set.

Deviations

Statistical variances or differences from a central value, such as the mean, indicating how spread out data points are.