Chapter 2.1, Problem 30E

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7th Edition

Stefan Waner + 1 other

ISBN: 9781337274203

Textbook Problem

**GE Net Income 2007–2011** The annual net income of **General Electric** for the period 2007–2011 could be approximated by

*t* is time in years since the start of 2005.^{6} According to the model, during what year in this period was General Electric’s net income lowest? What was the corresponding net income? Would you trust this model to continue to be valid long past this period? Why or why not?

To determine

**To calculate:** The year for which general Electric net income is lowest, corresponding net income for the following annual income equation for the period

billion dollars for

Where time *t* is in years. Also justify that would you trust this model to be continue for a longer period.

Explanation

**Given Information:**

The provided annual income equation is:

**Formula Used:**

The vertex formula for a quadratic function

is given by:

**Calculation:**

Consider the given annual income equation,

Compare the equation

The values are

Here

, therefore the corresponding parabola will be downward facing and vertex will be the highest point.

To calculate the year for which net income will be highest calculate the coordinates of the vertex.

Vertex: The highest point for which the coordinates are maximum, formula of *x-* coordinate of vertex is,

Substitute

Sect-2.1 P-1ESect-2.1 P-2ESect-2.1 P-3ESect-2.1 P-4ESect-2.1 P-5ESect-2.1 P-6ESect-2.1 P-7ESect-2.1 P-8ESect-2.1 P-9ESect-2.1 P-10E

Sect-2.1 P-11ESect-2.1 P-12ESect-2.1 P-13ESect-2.1 P-14ESect-2.1 P-15ESect-2.1 P-16ESect-2.1 P-17ESect-2.1 P-18ESect-2.1 P-19ESect-2.1 P-20ESect-2.1 P-21ESect-2.1 P-22ESect-2.1 P-23ESect-2.1 P-24ESect-2.1 P-25ESect-2.1 P-26ESect-2.1 P-27ESect-2.1 P-28ESect-2.1 P-29ESect-2.1 P-30ESect-2.1 P-31ESect-2.1 P-32ESect-2.1 P-33ESect-2.1 P-34ESect-2.1 P-35ESect-2.1 P-36ESect-2.1 P-37ESect-2.1 P-38ESect-2.1 P-39ESect-2.1 P-40ESect-2.1 P-41ESect-2.1 P-42ESect-2.1 P-43ESect-2.1 P-44ESect-2.1 P-45ESect-2.1 P-46ESect-2.1 P-47ESect-2.1 P-48ESect-2.1 P-49ESect-2.1 P-50ESect-2.1 P-51ESect-2.1 P-52ESect-2.1 P-53ESect-2.1 P-54ESect-2.1 P-55ESect-2.1 P-56ESect-2.1 P-57ESect-2.1 P-58ESect-2.1 P-59ESect-2.1 P-60ESect-2.1 P-61ESect-2.1 P-62ESect-2.2 P-1ESect-2.2 P-2ESect-2.2 P-3ESect-2.2 P-4ESect-2.2 P-5ESect-2.2 P-6ESect-2.2 P-7ESect-2.2 P-8ESect-2.2 P-9ESect-2.2 P-10ESect-2.2 P-11ESect-2.2 P-12ESect-2.2 P-13ESect-2.2 P-14ESect-2.2 P-15ESect-2.2 P-16ESect-2.2 P-17ESect-2.2 P-18ESect-2.2 P-19ESect-2.2 P-20ESect-2.2 P-21ESect-2.2 P-22ESect-2.2 P-23ESect-2.2 P-24ESect-2.2 P-25ESect-2.2 P-26ESect-2.2 P-27ESect-2.2 P-28ESect-2.2 P-29ESect-2.2 P-30ESect-2.2 P-31ESect-2.2 P-32ESect-2.2 P-33ESect-2.2 P-34ESect-2.2 P-35ESect-2.2 P-36ESect-2.2 P-37ESect-2.2 P-38ESect-2.2 P-39ESect-2.2 P-40ESect-2.2 P-41ESect-2.2 P-42ESect-2.2 P-43ESect-2.2 P-44ESect-2.2 P-45ESect-2.2 P-46ESect-2.2 P-47ESect-2.2 P-48ESect-2.2 P-49ESect-2.2 P-50ESect-2.2 P-51ESect-2.2 P-52ESect-2.2 P-53ESect-2.2 P-54ESect-2.2 P-55ESect-2.2 P-56ESect-2.2 P-57ESect-2.2 P-58ESect-2.2 P-59ESect-2.2 P-60ESect-2.2 P-61ESect-2.2 P-62ESect-2.2 P-63ESect-2.2 P-64ESect-2.2 P-65ESect-2.2 P-66ESect-2.2 P-67ESect-2.2 P-68ESect-2.2 P-69ESect-2.2 P-70ESect-2.2 P-71ESect-2.2 P-72ESect-2.2 P-73ESect-2.2 P-74ESect-2.2 P-75ESect-2.2 P-76ESect-2.2 P-77ESect-2.2 P-78ESect-2.2 P-79ESect-2.2 P-80ESect-2.2 P-81ESect-2.2 P-82ESect-2.2 P-83ESect-2.2 P-84ESect-2.2 P-85ESect-2.2 P-86ESect-2.2 P-87ESect-2.2 P-88ESect-2.2 P-89ESect-2.2 P-90ESect-2.2 P-91ESect-2.2 P-92ESect-2.2 P-93ESect-2.2 P-94ESect-2.2 P-95ESect-2.2 P-96ESect-2.2 P-97ESect-2.2 P-98ESect-2.2 P-99ESect-2.2 P-100ESect-2.2 P-101ESect-2.2 P-102ESect-2.2 P-103ESect-2.2 P-104ESect-2.2 P-105ESect-2.2 P-106ESect-2.2 P-107ESect-2.2 P-108ESect-2.2 P-109ESect-2.2 P-110ESect-2.3 P-1ESect-2.3 P-2ESect-2.3 P-3ESect-2.3 P-4ESect-2.3 P-5ESect-2.3 P-6ESect-2.3 P-7ESect-2.3 P-8ESect-2.3 P-9ESect-2.3 P-10ESect-2.3 P-11ESect-2.3 P-12ESect-2.3 P-13ESect-2.3 P-14ESect-2.3 P-15ESect-2.3 P-16ESect-2.3 P-17ESect-2.3 P-18ESect-2.3 P-19ESect-2.3 P-20ESect-2.3 P-21ESect-2.3 P-22ESect-2.3 P-23ESect-2.3 P-24ESect-2.3 P-25ESect-2.3 P-26ESect-2.3 P-27ESect-2.3 P-28ESect-2.3 P-29ESect-2.3 P-30ESect-2.3 P-31ESect-2.3 P-32ESect-2.3 P-33ESect-2.3 P-34ESect-2.3 P-35ESect-2.3 P-36ESect-2.3 P-37ESect-2.3 P-38ESect-2.3 P-39ESect-2.3 P-40ESect-2.3 P-41ESect-2.3 P-42ESect-2.3 P-43ESect-2.3 P-44ESect-2.3 P-45ESect-2.3 P-46ESect-2.3 P-47ESect-2.3 P-48ESect-2.3 P-49ESect-2.3 P-50ESect-2.3 P-51ESect-2.3 P-52ESect-2.3 P-53ESect-2.3 P-54ESect-2.3 P-55ESect-2.3 P-56ESect-2.3 P-57ESect-2.3 P-58ESect-2.3 P-59ESect-2.3 P-60ESect-2.3 P-61ESect-2.3 P-62ESect-2.3 P-63ESect-2.3 P-64ESect-2.3 P-65ESect-2.3 P-66ESect-2.3 P-67ESect-2.3 P-68ESect-2.3 P-69ESect-2.3 P-70ESect-2.3 P-71ESect-2.3 P-72ESect-2.3 P-73ESect-2.3 P-74ESect-2.3 P-75ESect-2.3 P-76ESect-2.3 P-77ESect-2.4 P-1ESect-2.4 P-2ESect-2.4 P-3ESect-2.4 P-4ESect-2.4 P-5ESect-2.4 P-6ESect-2.4 P-7ESect-2.4 P-8ESect-2.4 P-9ESect-2.4 P-10ESect-2.4 P-11ESect-2.4 P-12ESect-2.4 P-13ESect-2.4 P-14ESect-2.4 P-15ESect-2.4 P-16ESect-2.4 P-17ESect-2.4 P-18ESect-2.4 P-19ESect-2.4 P-20ESect-2.4 P-21ESect-2.4 P-22ESect-2.4 P-23ESect-2.4 P-24ESect-2.4 P-25ESect-2.4 P-26ESect-2.4 P-27ESect-2.4 P-28ESect-2.4 P-29ESect-2.4 P-30ESect-2.4 P-31ESect-2.4 P-33ESect-2.4 P-34ESect-2.4 P-35ESect-2.4 P-36ESect-2.4 P-37ESect-2.4 P-38ESect-2.4 P-39ESect-2.4 P-40ESect-2.4 P-41ESect-2.4 P-42ESect-2.4 P-43ESect-2.4 P-44ECh-2 P-1RECh-2 P-2RECh-2 P-3RECh-2 P-4RECh-2 P-5RECh-2 P-6RECh-2 P-7RECh-2 P-8RECh-2 P-9RECh-2 P-10RECh-2 P-11RECh-2 P-12RECh-2 P-13RECh-2 P-14RECh-2 P-15RECh-2 P-16RECh-2 P-17RECh-2 P-18RECh-2 P-19RECh-2 P-20RECh-2 P-21RECh-2 P-22RECh-2 P-23RECh-2 P-24RECh-2 P-25RECh-2 P-26RECh-2 P-27RECh-2 P-28RECh-2 P-29RECh-2 P-30RECh-2 P-31RECh-2 P-32RECh-2 P-33RECh-2 P-35RECh-2 P-36RECh-2 P-37RECh-2 P-38RECh-2 P-39RECh-2 P-40RECh-2 P-41RECh-2 P-42RECh-2 P-43RECh-2 P-44RECh-2 P-45RECh-2 P-50RE

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