What does the model predict as the poverty threshold

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Reference no: EM131781760

Question: Poverty threshold the average poverty threshold for 1990-2008 for a single individual can be modeled by

y = -3130.3 + 4056.8 ln x

where x is the number of years past 1980 and y is the annual income in dollars (Source: U.S. Bureau of the Census).

(a) What does the model predict as the poverty threshold in 2015?

(b) Graph this function for x = 5 to x = 40 with a graphing utility.

Reference no: EM131781760

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