The following table gives China’s trade volume (in billions of U.S. dollars) as a function of year.
t (year) | 1980 | 1985 | 1995 | 2004 |
V (billions of dollars)
| 38 | 70 | 281 | 1158 |
Source: Atlanta Journal-Constitution.
a. Find the best-fitting continuous growth exponential model for these data.
b. Use your model to predict the year in which China’s trade volume rises to 2000 billion dollars.
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