Campaign Spending The following table gives the total amount spent by all candidates in each presidential election, beginning in 1988. Each amount listed is in millions.
Year | Price (millions of dollars) |
1988 | 495 |
1992 | 550 |
1996 | 560 |
2000 | 649.5 |
2004 | 1,016.5 |
(a) Make a scatter plot of the data and find the exponential function of the form P(t) = Cat that best fits the data. Let t be the number of years since 1988.
(b) Using your model, what is the projected total amount all candidates will spend during the 2012 presidential election?
No comments:
Post a Comment