In the given question , two models R1 and R2 are given for revenue (in millions of dollars) for a corporation. Both models are estimates of revenues from 2020 through 2025, with t = 0 corresponding to 2020. Which model projects the greater revenue? How much more total revenue does thatmodel project over the six-year period? R1 =7.21 + 0.58t R2 =7.21 + 0.45t

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 39CT: The population P (in millions) of Texas from 2001 through 2014 can be approximated by the model...
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In the given question , two models R1 and R2 are given for revenue (in millions of dollars) for a corporation. Both models are estimates of revenues from 2020 through 2025, with t = 0 corresponding to 2020. Which model projects the greater revenue? How much more total revenue does that
model project over the six-year period?

R1 =7.21 + 0.58t

R2 =7.21 + 0.45t

 

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