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An oil company estimates that the cost, ?, in dollars, of cleaning up ? percent of...

An oil company estimates that the cost, ?, in dollars, of cleaning up ? percent of an oil spill can be $%

modeled by the equation ? = &''(%, where 0 ≤ ? < 100, and ? is a constant. The company has data that indicates that spending $325,000 will clean up 60% of an oil spill.

Define your variables. (note that k is a constant, not variable)

Use this information to find the value of ?.

Rewrite the cost function, inserting the value you found for k.

Use the model to predict the percentage of an oil spill that can be cleaned up if the company’s budget is $750,000. Answer with a sentence and show work.

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