The annual net income of a company for the period 2007-2011 could be approximated by P(C) = 1.62? – 15t + 44 billion dollars (2 sts 6), where t is the time in years since the start of 2005. According to the model, during what year in this period was the company's net income the lowest? What was the corresponding net income in billions of dollars? (Round your answer to one decimal place.) ) billion dollars Would you trust this model to continue to be valid long past this period? Why or why not? Over time the model predicts that income will eventually decrease, therefore, we should not trust the model past 2011 as the net income will fall back to a reasonable level. Over time the model predicts that income will continue to increase, therefore, we should not trust the model past 2011 as the net income will become unrealistically large. Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will become unrealistically large. Over time the model predicts that income will continue to increase, therefore, we should trust the model past 2011 as the net income will fll back to a reasonable level. O Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will fall back to a reasonable level. Need Help? Master Read It
The annual net income of a company for the period 2007-2011 could be approximated by P(C) = 1.62? – 15t + 44 billion dollars (2 sts 6), where t is the time in years since the start of 2005. According to the model, during what year in this period was the company's net income the lowest? What was the corresponding net income in billions of dollars? (Round your answer to one decimal place.) ) billion dollars Would you trust this model to continue to be valid long past this period? Why or why not? Over time the model predicts that income will eventually decrease, therefore, we should not trust the model past 2011 as the net income will fall back to a reasonable level. Over time the model predicts that income will continue to increase, therefore, we should not trust the model past 2011 as the net income will become unrealistically large. Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will become unrealistically large. Over time the model predicts that income will continue to increase, therefore, we should trust the model past 2011 as the net income will fll back to a reasonable level. O Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will fall back to a reasonable level. Need Help? Master Read It
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 42E
Related questions
Concept explainers
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Topic Video
Question
Transcribed Image Text:The annual net income of a company for the period 2007-2011 could be approximated by
P(t)
1.6e?
15t + 44 billion dollars
(2 <t< 6),
where t is the time in years since the start of 2005. According to the model, during what year in this period was the company's net income the lowest?
t =
What was the corresponding net income in billions of dollars? (Round your answer to one decimal place.)
billion dollars
Would you trust this model to continue to be valid long past this period? Why or why not?
O Over time the model predicts that income will eventually decrease, therefore, we should not trust the model past 2011 as the net income will fall back to a reasonable level.
Over time the model predicts that income will continue to increase, therefore, we should not trust the model past 2011 as the net income will become unrealistically large.
Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will become unrealistically large.
Over time the model predicts that income will continue to increase, therefore, we should trust the model past 2011 as the net income will fall back to a reasonable level.
Over time the model predicts that income will eventually decrease, therefore, we should trust the model past 2011 as the net income will fall back to a reasonable level.
Need Help?
Read It
Master It
O O
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning