Question bank / Two-variable data: models and scatterplots

Math · Problem-Solving and Data AnalysisHard

The number of subscribers yy, in thousands, to a streaming service xx years after 20102010 can be modeled by an exponential function of the form y=abxy = ab^x, where aa and bb are positive constants. The model estimates 400400 thousand subscribers in 20122012 and 1,3501{,}350 thousand subscribers in 20152015. According to the model, by what percent does the number of subscribers increase each year?

A

35%35\%

B

50%50\%

C

150%150\%

D

237.5%237.5\%

Show answer and explanation

Answer: B

From 20122012 to 20152015 is 33 years, so b3=1350400=3.375b^3 = \frac{1350}{400} = 3.375. Taking the cube root, b=1.5b = 1.5. A growth factor of 1.51.5 means the number of subscribers increases by 50%50\% each year.

Choice D is the total percent increase over the three years (3.375−1=2.3753.375 - 1 = 2.375), not the yearly increase.

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