Use the Table Below to Answer the Following Question(s) -________ Are Mathematical Functions Used in Predictive Analytical Models Which
Multiple Choice
Use the table below to answer the following question(s) .
Sheila joined Simsin Tradings at the age of 36 with a starting salary of $75,000.She expects a salary increase of 5 percent every year.Her retirement plan requires her to pay 9 percent of her salary, while the company matches it at 32 percent.She expects an annual return of 7 percent on her retirement portfolio.Using a predictive model for Sheila's first five years, calculate the following, assuming that the salary increases at the same rate every year, and the return of interest does not change.
-________ are mathematical functions used in predictive analytical models which define phenomena that increase at a specific rate, and is represented by the formula y = axᵇ
A) Exponential functions
B) Power functions
C) Polynomial functions
D) Logarithmic functions
Correct Answer:

Verified
Correct Answer:
Verified
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