The rate of change in revenue for the Priceline Group from 2004 through 2013 can be modeled by dR 0.07e0.2387t dt = where R is the revenue (in billions of dollars) and t is the time (in years), with t = 4 corresponding to 2004. In 2013, the revenue for the Priceline Group was $6.8 billion.t (Round coefficients to four decimal places.) (a) Find a model for the revenue of the Priceline Group. R(t) = (b) Find the revenue (in billions of dollars) of the Priceline Group in 2008. (Round your answer to two decimal places.) billion $

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 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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The rate of change in revenue for the Priceline Group from 2004 through 2013 can be modeled by
dR
0.07e0.2387t
dt
=
where R is the revenue (in billions of dollars) and t is the time (in years), with t = 4 corresponding to 2004. In 2013, the
revenue for the Priceline Group was $6.8 billion.t (Round coefficients to four decimal places.)
(a) Find a model for the revenue of the Priceline Group.
R(t) =
(b) Find the revenue (in billions of dollars) of the Priceline Group in 2008. (Round your answer to two decimal places.)
billion
$
Transcribed Image Text:The rate of change in revenue for the Priceline Group from 2004 through 2013 can be modeled by dR 0.07e0.2387t dt = where R is the revenue (in billions of dollars) and t is the time (in years), with t = 4 corresponding to 2004. In 2013, the revenue for the Priceline Group was $6.8 billion.t (Round coefficients to four decimal places.) (a) Find a model for the revenue of the Priceline Group. R(t) = (b) Find the revenue (in billions of dollars) of the Priceline Group in 2008. (Round your answer to two decimal places.) billion $
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