Let us model the number of automobile sales in a developing country as 151000 N(t) = t > 2010 1+ 5.9e-0.7(t- 2010) Where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2015? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 2E
icon
Related questions
Question

Ch4 (11)

Let us model the number of automobile sales in a developing country as
151000
N(t) =
t > 2010
1+ 5.9e-0.7(t- 2010)
Where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest
car.
a. How many cars were sold in 2010, which is the first year of observation?
cars
b. How many cars are projected to be sold in the year 2015?
cars
c. If the model holds well into the future, at what level will the sale of cars stabilize?
cars
Transcribed Image Text:Let us model the number of automobile sales in a developing country as 151000 N(t) = t > 2010 1+ 5.9e-0.7(t- 2010) Where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2015? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning