) The Obama Administration instituted an economic recovery program in 2009 to arrest the recent decline in the US economy which manifested by a continuous and persistent rapid closure of businesses.  The stimulus program which was meant to halt business closures in thousands is given by the logistic exponential function that follows:                  N (t) =        10.003/1+ 0.0003e 0.8t   Where year 0 equals 2009: How many businesses closed in 2011? How many businesses are expected close by 2020 if the intervention works as planned? How many businesses are expected close by 2035 if the intervention works as planned?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
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) The Obama Administration instituted an economic recovery program in 2009 to arrest the recent decline in the US economy which manifested by a continuous and persistent rapid closure of businesses.  The stimulus program which was meant to halt business closures in thousands is given by the logistic exponential function that follows:

 

               N (t) =        10.003/1+ 0.0003e 0.8t

 

Where year 0 equals 2009:

  1. How many businesses closed in 2011?
  2. How many businesses are expected close by 2020 if the intervention works as planned?
  3. How many businesses are expected close by 2035 if the intervention works as planned?
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