Solve the Problem $f ( x )$ , in Hundreds of Thousands, Can Be Modeled By

question 484

Multiple Choice

Solve the problem.
-The table shows the population of a certain city in various years. The population of the city $f ( x )$ , in hundreds of thousands, can be modeled by $f ( x ) = a x ^ { b }$ , where $x$ represents the number of years since 1980 . Estimate the population of the city in the year 1986. (You will first need to use regression to estimate the values of a and b) .

• A) 617,869
• B) 656,499
• C) 586,160
• D) 679,946

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Definitions:

Customer Equity

The total combined customer lifetime values of all the company’s customers, representing the financial value of the customer base.

Customer Service Strategy

A plan designed to improve how a business interacts with its customers, aiming to enhance satisfaction and loyalty.

Order Cycle

The sequence of events from the moment a customer places an order to the delivery of the product or service.

Functions

In the context of business and technology, functions refer to distinct tasks or operations that a system, department, or software is designed to perform.