The amount of money (in billions of dollars) lent to customers with credit scores below 620 for subprime mortgages can be approximated by the function g left parenthesis x right parenthesis equals 263.6 e Superscript negative 0.16 x, where xequals1 corresponds to the year 2001.
(a) Find the value of subprime mortgage lending in 2012 for the described customer base.
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Part 1
(a) Which of the following describes how to find the value of subprime mortgage lending in 2012 using the given information? Select the correct choice below and fill in the answer box to complete your choice.
(Type an integer or a decimal.)
A.
To find the value of subprime mortgage lending in 2012, substitute
enter your response here for x and evaluate to find g(x).
B.
To find the value of subprime mortgage lending in 2012, find the intersection point of the graphs y equals 263.6 e Superscript negative 0.16 x and yequals
enter your response here. The value of subprime mortgage lending in 2012 is represented by the y-coordinate.
In 2012, the assets are about $
enter your response here billion.
(Type an integer or decimal rounded to the nearest hundredth as needed.)
