The U.S. Energy Information Administration projected that imports of petroleum products in 2005 would be 4.81 quadrillion Btu and would increase by 5.47% each year through 2020.T (a) Find the function of the model that gives projected petroleum imports in quadrillion Btu, where t is the number of years since 2005, with data from 0 sts 15 P(t) = quadrillion Btu (b) According to the model, when will imports exceed 7 quadrillion Btu? (Round your answer for t to two decimal places.) Imports will exceed 7 quadrillion Btu in t= years which will occur in the year (c) Describe the end behavior of the model as time increases. P(t) increases without bound as t increases. O P(t) approaches a limiting value of 33.67 as t increases. OP(t) decreases without bound as t increases P(t) remains constant as t increases. OP(t) decreases toward 0 as t increases

The U.S. Energy Information Administration projected that imports of petroleum products in 2005 would be 4.81 quadrillion Btu and would increase by 5.47% each year through 2020.T (a) Find the function of the model that gives projected petroleum imports in quadrillion Btu, where t is the number of years since 2005, with data from 0 sts 15 P(t) = quadrillion Btu (b) According to the model, when will imports exceed 7 quadrillion Btu? (Round your answer for t to two decimal places.) Imports will exceed 7 quadrillion Btu in t= years which will occur in the year (c) Describe the end behavior of the model as time increases. P(t) increases without bound as t increases. O P(t) approaches a limiting value of 33.67 as t increases. OP(t) decreases without bound as t increases P(t) remains constant as t increases. OP(t) decreases toward 0 as t increases

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.7: Exponential And Logarithmic Models

Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....

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