The Supplemental Nutrition Assistance Program (SNAP) to Provide Food Assistance

question 69

Short Answer

The Supplemental Nutrition Assistance Program (SNAP) to provide food assistance has increased the number of participants in millions in the years from 2000 to 2008. Let P be the number of participants in millions and t be years since 2000. The following linear model fits the data: . Use the model to estimate the number of participants in SNAP in 2003. Is this interpolation or extrapolation?

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Definitions:

Fixed Intervals

Regular, predetermined periods of time during which certain activities or operations occur.

Equal Cash Flows

A series of identical cash inflows or outflows occurring over a specified period.

Annuity

A series of equal cash receipts spaced equally in time; a series of equal net cash flows at fixed time intervals.

Sensitivity Analysis

A form of analysis that considers the impact of changing one or more inputs or assumptions on the resulting outcome.