Problem

The following table gives the gross revenue R in millions of dollars for the Broadway seas...

The following table gives the gross revenue R in millions of dollars for the Broadway season that begins in the indicated year t. Find the best-fitting exponential model for these data and use it to predict the year in which gross revenue will grow to 1000 million (1 trillion) dollars.

t (year)

1984

1989

1992

1996

2001

2005

R (millions)

209

282

328

499

643

862

Source: League of American Theatres and Producers.

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Solutions For Problems in Chapter 3.R