For Selected Years from 1978 to 2002, the Number of Mutual

question 57

Multiple Choice

For selected years from 1978 to 2002, the number of mutual funds N, excluding money market funds, can be modeled by , where t is the number of years past 1975 (Source: Investment Company Institute, Mutual Fund Fact Book (2003) ) . Use the model to estimate the number of mutual funds in 2004. Round your answer to the nearest whole number. ​

• A) ​8,795
• B) ​205
• C) ​9,684
• D) ​7,906
• E) ​819,801

---

Definitions:

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising various countries and cultures.

U.S. Marriages

The legally or formally recognized union of two people as partners in a personal relationship, within the cultural and legal framework of the United States.

Divorce

The legal dissolution of a marriage by a court or other competent body, officially ending a marital union.

Years

Units of time that represent the period it takes for the Earth to complete one orbit around the Sun, roughly 365 days.