Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....
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A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function
S(t)=40+14e^−0.07t,
where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first seven years.
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