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A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2008 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000962 (1.101*), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2001? The cost of a 30-second campaign ad in 2001 was $ ☐. (Simplify your answer. Round to the nearest dollar as needed.)

A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2008 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000962 (1.101*), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2001? The cost of a 30-second campaign ad in 2001 was $ ☐. (Simplify your answer. Round to the nearest dollar as needed.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
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A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2008 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000962 (1.101*), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2001? The cost of a 30-second campaign ad in 2001 was $ ☐. (Simplify your answer. Round to the nearest dollar as needed.)
Transcribed Image Text:A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2008 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000962 (1.101*), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2001? The cost of a 30-second campaign ad in 2001 was $ ☐. (Simplify your answer. Round to the nearest dollar as needed.)
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