The Following Table Gives the Percent of the U

question 106

Multiple Choice

The following table gives the percent of the U.S. population with Internet connections for the years 1997 to 2003. Use a calculator to find the logistic function that models these data and then use the model to predict the percent of the U.S. population with Internet connections in 2015. Use x as the number of years past 1995. Round your answer to one decimal place. ​

• A) ​63.9 %
• B) ​66.8 %
• C) ​62.3 %
• D) ​59.6 %
• E) ​56.8 %

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Definitions:

Financial Crisis

A broad term for a variety of situations in which some financial assets suddenly lose a large part of their nominal value, often leading to a collapse of markets and economies.

Economic Model

A simplified representation of reality used to analyze and predict economic behaviors and outcomes.

Opportunity Costs

Refers to the benefits or gains a person or organization misses out on when choosing one alternative over another.

Consumer Goods

Products bought and used by consumers rather than by manufacturers for producing other goods.