If the rate of inflation is 3.7% per year, the future price pt (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. =pt400( 1.037)t find the current price of the item and the price 8 years from today. round your answers to the nearest dollar as necessary.

Farmers know that driving heavy equipment on wet soil compresses the soil and injures future crops. here are data on the "penetrability" of the same type of soil at two levels of compression. penetrability is a measure of how much resistance plant roots will meet when they try to grow through the soil. compressed soil 2.85 2.66 3 2.82 2.76 2.81 2.78 3.08 2.94 2.86 3.08 2.82 2.78 2.98 3.00 2.78 2.96 2.90 3.18 3.16 intermediate soil 3.17 3.37 3.1 3.40 3.38 3.14 3.18 3.26 2.96 3.02 3.54 3.36 3.18 3.12 3.86 2.92 3.46 3.44 3.62 4.26 use the data, omitting the high outlier, to give a 95% confidence interval for the decrease in penetrability of compressed soil relative to intermediate soil. compute degrees of freedom using the conservative method. interval: to