The rate of change in revenue for the Priceline Group from 2004 through 2013 can be modeled by dR/dt=0.07e0.2387t 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.† (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 tw

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 rate of change in revenue for the Priceline Group from 2004 through 2013 can be modeled by

dR/dt=0.07e0.2387t

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.† (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.)

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