Use the Table Below to Answer the Following Question(s) -________ Are Mathematical Functions Used in Predictive Analytical Models Which

question 2

Multiple Choice

Use the table below to answer the following question(s) .
Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000.She expects a salary increase of 5 percent every year.Her retirement plan requires her to pay 9 percent of her salary, while the company matches it at 32 percent.She expects an annual return of 7 percent on her retirement portfolio.Using a predictive model for Sheila's first five years, calculate the following, assuming that the salary increases at the same rate every year, and the return of interest does not change.
$$\begin{array}{l}\text { Retirement Plan Model for Sheila }\\\begin{array} { | l | l | } \hline \text { Data } & \\\hline \text { Retirement Contribution ( percent of salary) } & \\\hline \text { Employer Match } & 9 \text { percent } \\\hline \text { Annual Salary Increase } & 32 \text { percent } \\\hline \text { Annual Return on Investment } & 5 \text { percent } \\\hline & 7 \text { percent } \\\hline\end{array}\end{array}$$
-________ are mathematical functions used in predictive analytical models which define phenomena that increase at a specific rate, and is represented by the formula y = axᵇ

• A)Exponential functions
• B)Power functions
• C)Polynomial functions
• D)Logarithmic functions

---

Definitions:

Blood Drive

A campaign for collecting blood donations from volunteers, usually organized by a charity or medical organization.

Probability

A measure of the likelihood of an event occurring, expressed as a number between 0 (impossible) and 1 (certain).

Probability

A numerical expression ranging from 0 to 1 indicating the probability of a certain event's occurrence.

Life Jackets

Personal flotation devices designed to keep a person buoyant in water, crucial for safety in maritime activities.