# Using a model to predict salary

• Apr 13th 2009, 02:02 PM
Joanie
Using a model to predict salary
I have the following problem:

The nationwide average salary of a computer programmer can be modeled by the equation y=31.8x(1.06)^n, where y is the salary in thousands of dollars and n is the number of years since 1990.

Using the model, predict the average programmer's salary in 2010.

y = 31.8x(1.06)^20 Rounded, I got the answer \$102,000. Is this correct?(Rofl)
• Apr 13th 2009, 02:11 PM
Reckoner
Quote:

Originally Posted by Joanie
Using the model, predict the average programmer's salary in 2010.

y = 31.8x(1.06)^20 Rounded, I got the answer \$102,000. Is this correct?(Rofl)

Yes (assuming your 'x' means multiplication). It really is just a simple substitution problem.
• Apr 13th 2009, 02:15 PM
Joanie
I don't think that x means multiplication. I think it is the variable since I have a y=. Does this change your answer to me?
• Apr 13th 2009, 02:23 PM
Reckoner
Quote:

Originally Posted by Joanie
I don't think that x means multiplication. I think it is the variable since I have a y=. Does this change your answer to me?

If $x$ is a second independent variable, then the problem should specify what it represents. In the context of this problem, I would certainly think that it indicates multiplication.

Where are you getting the problem from? If it is in print, then you should be able to distinguish between the Latin character 'x' and the multiplication symbol '×' (the latter will generally have perfectly straight, uniform-width lines, as shown here).