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This analysis examines the exponential growth trendline of gas prices, highlighting how prices fluctuate over time. Gas prices tend to rise or fall, reflecting an asymptotic behavior where they never stabilize for long. The calculation for future price predictions raises concerns about realism due to an unexpected spike. In particular, the case of Hannah illustrates the burden on low-wage earners, as she will spend a significant portion of her income on gas, despite stagnant wage growth. Understanding these dynamics is crucial for forecasting future consumer spending habits.
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1. We have chose exponential trendline because it most resembles the line. Also Exponential growth measures growth over time and gas prices will fluctuate throughout time. • The asymptote is zero and the gas prices will always have a growth or decay. Rarely will gas prices stay the same for long.
6. It does not seem possible because the answer I got after plugging in the value for x is .15. That’s such a big gap from the year previously, so it doesn’t seem realistic. • 7. Hannah will spend about a third of her income on gas at the end of the year. Gas will be more expensive but her pay still wouldn’t increase.