Concept explainers
Reminder Round all answers to two decimal places unless otherwise indicated.
Ponzi Schemes A Ponzi scheme is a fraudulent investment operation in which returns to investors are paid from funds collected from new investors rather than from profit earned by the operator. The scheme takes its name from the notorious operation of Charles Ponzi in
a. Find a formula that gives the return R, in dollars, that the operator must pay after
b. How much money must the operator pay to investors at the end of
c. Assume that new investors pay $
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Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
- Reminder Round all answers to two decimal places unless otherwise indicated. The MacArthur-Wilson Theory of Biogeography Consider an island that is separated from the mainland, which contains a pool of potential colonizer species. The MacArthur-Wilson theory of biogeography hypothesizes that some species from the mainland will migrate to the island, but that increasing competition on the island will lead to species extinction. It further hypothesizes that both the rate of migration and the rate of extinction of species are exponential functions, and that an equilibrium occurs when the rate of extinction matches the rate of immigration. This equilibrium point is thought to be the point at which immigration and extinction stabilize. Suppose that, for a certain island near the mainland, the rate of immigration of new species is given by I=4.20.93tspeciesperyear and that the rate of species extinction on the island is given by E=1.51.1tspeciesperyear. According, to the MacArthur-Wilson theory, how long will be required for stabilization to occur, and what will be the immigration and extinction rates at that time?arrow_forwardReminder Round all answers to two decimal places unless otherwise indicated. Quarterly Pine Pulpwood PricesIn southwest Georgia, the average pine pulpwood prices vary predictably over the course of the year, primarily because of weather. Prices in 2009 followed this pattern. At the beginning of the first quarter, the average price P was 9 per ton. During the first quarter, prices declined steadily to 8 per ton, then remained steady at 8 per ton through the end of the third quarter. During the fourth quarter, prices increased steadily from 8 to 10 per ton. a.Sketch a graph of pulpwood prices as a function of the quarter in the year. b.What formula for price P as a function of t, the quarter, describes the price from the beginning of the year through the first quarter? c.What formula for price P as a function of t, the quarter, describes the price from the first to the third quarter? d.What formula for price P as a function of t, the quarter, describes the price from the third to the fourth quarter? e.Write a formula for price P throughout the year as a piecewise-defined function of t, the quarter.arrow_forwardReminder Round all answers to two decimal places unless otherwise indicated. Competition Between Populations In this exercise, we consider the problem of competition between two populations that vie for resources but do not prey on each other. Let m be the size of the first population, let n be the size of the second both measured in thousands of animals, and assume that the populations coexist eventually. An example of one common model for the intersection is Per capita growth rate for m is 3(1mn) Per capita growth rate for n is 2(10.7m1.1n) At an equilibrium point, the per capita growth rates for m and for n are both zero. If the populations reach such a point, then they will continue at that size indefinitely. Find the equilibrium point in the example above.arrow_forward
- Reminder Round all answers to two decimal places unless otherwise indicated. Insect ControlDDT dichlorodiphenyltrichloroethane was used extensively from 1940 to 1970 as an insecticide. It still sees limited use for control of disease. But DDT was found to be harmful to plants and animals, including humans, and its effects were found to be lasting. The amount of time that DDT remains in the environment depends on many factors, but the following table shows what can be expected of 100 kilograms of DDT that has seeped into the soil. t=time,inyearssinceapplication D=DDTremaining,inkilograms 0 100.00 1 95.00 2 90.25 3 85.74 a. Show that the data are exponential. b. Make a model of D as an exponential function of t. c. What is the half-life of DDT in the soil? That is, how long will it be before only 50 kilograms of DDT remain?arrow_forwardReminder Round all answer to two decimal places unless otherwise indicated. Real Estate Sales A real estate agency has fixed monthly costs associated with rent, staff salaries, utilities, and supplies. It earns its money by taking a percentage commission on total real estate sales. During the month of July, the agency had total sales of 832,000 and showed a net income after paying fixed costs of 15,704. In August, total sales were 326,000 with a net income of only 532. a. Use a formula to express net income as a linear function of total sales. Be sure to identify what the letters that you use mean. b. Plot the graph of net income and identify the slope and vertical intercept. c. What are the real estate agencys fixed monthly costs? d. What percentage commission does the agency take on the sale of a home? e. Find the horizontal intercept and explain what this number means to the real estate agency.arrow_forwardReminder Round all answers to two decimal places unless otherwise indicated. Moores Law The speed of a computer chip is closely related to the number of transistors on the chip, and the number of transistors on a chip has increased with time in a remarkably consistent way. In fact, in the year 1965, Dr. Gordon E. Moore now chairman emeritus of Intel Corporation observed a trend and predicted that it would continue for a time. His observation, now known as Moores law, is that every two years or so a chip is introduced with double the number of transistors of its fastest predecessor. This law can be restated in the following way: If time increases by 1year, then the number of transistors is multiplied by 100.15.More generally, the rule is that if time increases by tyears, then the number of transistors is multiplied by 100.15t.For example, after 8years, the number of transistors is multiplied by 100.158, or about 16. The 6th generation Core processor was released by Intel Corporation in the year 2015. a.If a chip were introduced in the year 2022, how many times the transistors of the 6th generation Core would you expect it to have? Round your answer to the nearest whole number. b.The limit of conventional computing will be reached when the size of a transistors on a chip will be 200 times that of the 6th generation Core. When, according to Moores law, will that limit be reached? c.Even for unconventional computing, the law of physics impose a limit on the speed of computation. The fastest speed possible corresponds to having about 1040 times the number of transistors as on the 6th generation Core. Assume that Moores law will continue to be valid even for unconventional computing, and determine when this limit will be reached. Round your answer to the nearest century.arrow_forward
- Reminder Round all answers to two decimal places unless otherwise indicated. Cleaning Contaminated Water A tank of water is contaminated with 60 pounds of salt. In order to bring the salt concentration down to a level consistent with EPA standards, clean water is being piped into tank, and the well-mixed overflow is being collected for removal to a toxic-waste site. The result is that at the end of each hour, there is 22 less salt in the tank than at the beginning of the hour. Let S=S(t) denote the number of pounds of salt in the tank t hours after the flushing process begins. a. Explain why S is an exponential function and find its hourly decay factor. b. Give a formula for S. c. Make a graph of S that shows the flushing process during the first 15 hours, and describe in words how the salt removal process progresses. d. In order to meet EPA standards, there can be no more than 3 pounds of salt in the tank. How long must the process continue before EPA standards are met? e. Suppose this cleanup procedure costs 8000 per hour to operate. How much does it cost to reduce the amount of salt from 60 pounds to 3 pounds? How much does it cost to reduce the amount of salt from 3 pounds to 0.1 pound?arrow_forwardReminderRound all answers to two decimal places unless otherwise indicated. HydrographsWhen a rainfall brings more water than the soil can absorb, runoff occurs, and hydrologists refer to the event as a rainfall excess. The easiest way to envision runoff is to think of a watershed that drains into the mouth of a single stream. The runoff is the number of cubic feet per minute cfpm being dumped into the mouth of the stream. An important way of depicting runoff is the hydrograph, which is simply the graph of total discharge, in cubic feet per minute, versus time. A typical runoff hydrograph is shown in Figure 1.47. The horizontal axis is hours since rainfall excess began. A hydrograph displays a number of important features. a. Time to peak is the elapsed time from the start of rainfall excess to peak runoff. What is the time to peak shown by the hydrograph in Figure 1.47? b. Time of concentration is the elapsed time from the end of rainfall excess to the inflection point after peak runoff. The end of rainfall excess is not readily apparent from a hydrograph, but it occurs before the peak. If the end of rainfall excess occurred 5 hours after the start of rainfall excess. estimate the time of concentration from Figure 1.47. c. Recession time is the time from peak runoff to the end of runoff. Estimate the recession time for the hydrograph in Figure 1.47. d. Time base is the time from beginning to end of surface runoff. What is the time base for the hydrograph in Figure 1.47? FIGURE 1.47 A runoff hydrographarrow_forwardReminderRound all answers to two decimal places unless otherwise indicated. InflationDuring a period of high inflation, a political leader was up for re-election. Inflation had been increasing during his administration, but he announced that the rate of increase of inflation was decreasing. Draw a graph of inflation versus time that illustrates this situation. Would this announcement convince you that economic conditions were improving?arrow_forward
- Reminder Round all answers to two decimal places unless otherwise indicated. Inflation The yearly inflation rate tells the percentage by which prices increase. For example, from 1990 through 2000, the inflation rate in the United States remained stable at amount 3 per year. In 1990, an individual retired on a fixed income of 36,000 per year. Assuming that the inflation rate remains at 3, determine how long it will take for the retirement income to deflate to half its 1990 value. Note: To say that retirement income has deflated to half its 1990 value means that prices have doubled.arrow_forwardReminder Round all answers to two decimal places unless otherwise indicated. World Copper Production World production of copper, in millions of tons per year, from 1900 to 2000 is given by C=0.51.033t, where t is the time in years since 1900. a.What production level does this model give for the year 2000? b.If this model were extended to 2025, how could you use your knowledge of copper production in 2024 to estimate copper production in 2025?arrow_forwardReminder Round all answers to two decimal places unless otherwise indicated. A Cold Front At 4P.M. on a winter day, an arctic air mass moved from Kansas into Oklahoma, causing temperatures to plummet. The temperature T=T(h) in degrees Fahrenheit h hours after 4P.M. in Stillwater, Oklahoma, on that day is recorded in the following table. h=Hourssince4P.M. T=Temperature 0 62 1 59 2 38 3 26 4 22 a. Use functional notation to express the temperature in Stillwater at 5:30P.M., and then estimate its value. b. What was the average rate of change per minute in temperature between 5P.M. and 6P.M.? What was the average decrease per minute over that time interval? c. Estimate the temperature at 5:12P.M. d. At about what time did the temperature reach the freezing point? Explain your reasoning.arrow_forward
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning