A country's share of medals at an Olympic games can be estimated from the formula: f(r, y) = 0.0062 In r + 0.0064 In y-0.0652, where r is the population and y is the per %3D capita gross domestic product ( PCGDP) of the country. a. Find fy (r, y) and evaluate it at y = 1000 to find the rate of change in the proportion of %3D medals per extra dollar when PCGDP is $1000. b. Multiply your answer to part a) by 500 to find the change in proportion that would result from an additional $500 in PCGDP, and then multiply this result by 920 ( the number of medals at typical Olympic games) to estimate the number of additional Olympic metals that would be won.

A country's share of medals at an Olympic games can be estimated from the formula: f(r, y) = 0.0062 In r + 0.0064 In y-0.0652, where r is the population and y is the per %3D capita gross domestic product ( PCGDP) of the country. a. Find fy (r, y) and evaluate it at y = 1000 to find the rate of change in the proportion of %3D medals per extra dollar when PCGDP is $1000. b. Multiply your answer to part a) by 500 to find the change in proportion that would result from an additional $500 in PCGDP, and then multiply this result by 920 ( the number of medals at typical Olympic games) to estimate the number of additional Olympic metals that would be won.

Name: Please show work. Thank you A country's share of medals at an Olympic
Uploaded: 2024-03-20T07:07:37.000Z
Channel: Bartleby
Description: Please show work. Thank you A country's share of medals at an Olympic games can be estimated from the formula:f (x, y) = 0.0062 ln a + 0.0064 ln y- 0.0652, where a is the population and y is the percapita gross domestic product ( PCGDP) of the countr