the pern P(t) = 6t + 18 dollars per barrel (0 sts 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = -0.036t2 + 0.62t + 8 million barrels per day (0 sts 10).t Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2007. (Round your answers to the nearest $1 million.) daily oil revenue $ million rate of change in 2007 $ million/yr

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section: Chapter Questions
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The price of crude oil during the period 2000-2010 can be approximated by
P(t) = 6t + 18 dollars per barrel
(0 sts 10)
in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by
Q(t) = -0.036t2 + 0.62t + 8 million barrels per day
(0 sts 10).t
Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2007. (Round your answers to the nearest $1 million.)
daily oil revenue
$
million
rate of change in 2007
$
million/yr
Transcribed Image Text:The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 sts 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = -0.036t2 + 0.62t + 8 million barrels per day (0 sts 10).t Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2007. (Round your answers to the nearest $1 million.) daily oil revenue $ million rate of change in 2007 $ million/yr
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