The number of online buyers in Western Europe is expected to grow steadily in the coming years. The function below for 1 t 9, gives the estimated buyers as a percent of the total population, where t is measured in years, with t = 1 corresponding to 2001. P(t) = 28.7 + 14.92 ln(t) (a) What was the percent of online buyers in 2001 (t = 1)?How fast was it changing in 2001? (b) What is the percent of online buyers expected to be in 2006 (t = 6)? How fast is it expected to be changing in 2006?
The number of online buyers in Western Europe is expected to grow steadily in the coming years. The function below for 1 t 9, gives the estimated buyers as a percent of the total population, where t is measured in years, with t = 1 corresponding to 2001. P(t) = 28.7 + 14.92 ln(t) (a) What was the percent of online buyers in 2001 (t = 1)?How fast was it changing in 2001? (b) What is the percent of online buyers expected to be in 2006 (t = 6)? How fast is it expected to be changing in 2006?
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 14EQ
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The number of online buyers in Western Europe is expected to grow steadily in the coming years. The function below for 1 t 9, gives the estimated buyers as a percent of the total population, where t is measured in years, with t = 1 corresponding to 2001.
P(t) = 28.7 + 14.92 ln(t)
(a) What was the percent of online buyers in 2001 (t = 1)?
How fast was it changing in 2001?
(b) What is the percent of online buyers expected to be in 2006 (t = 6)?
How fast is it expected to be changing in 2006?
How fast was it changing in 2001?
(b) What is the percent of online buyers expected to be in 2006 (t = 6)?
How fast is it expected to be changing in 2006?
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