The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by P(t) = 0.27t²8.6t+ 93 dollars (0 ≤ t ≤ 33), where t is time in years since the start of 1980.† Find P'(t) and P'(24). P'(t) = P'(24) = $ per year What does the second answer tell you about the price of crude oil? Hint [See Example 2.] The price of a barrel of crude oil was increasing at a rate of $ per year in

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
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The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by
P(t) = 0.27t²8.6t+ 93 dollars (0 ≤ t ≤ 33),
where t is time in years since the start of 1980.† Find P'(t) and P'(24).
P'(t) =
P'(24) = $
per year
What does the second answer tell you about the price of crude oil? Hint [See Example 2.]
The price of a barrel of crude oil was increasing at a rate of $
per year in
Transcribed Image Text:The price per barrel of crude oil in the period 1980-2013, in constant 2014 dollars, can be approximated by P(t) = 0.27t²8.6t+ 93 dollars (0 ≤ t ≤ 33), where t is time in years since the start of 1980.† Find P'(t) and P'(24). P'(t) = P'(24) = $ per year What does the second answer tell you about the price of crude oil? Hint [See Example 2.] The price of a barrel of crude oil was increasing at a rate of $ per year in
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