Revenue from New Home Sales Revenue from the sale of new homes in the United States decreased dramatically from 2005 to 2010 as shown in the model r ( t ) = 412 e − 0.323 t billion dollars per year ( 0 ≤ t ≤ 5 ) , where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the United States from 2005 on. [ HINT: See Example 1.]
Revenue from New Home Sales Revenue from the sale of new homes in the United States decreased dramatically from 2005 to 2010 as shown in the model r ( t ) = 412 e − 0.323 t billion dollars per year ( 0 ≤ t ≤ 5 ) , where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the United States from 2005 on. [ HINT: See Example 1.]
Solution Summary: The author calculates the total revenue from sales of new homes from 2005 to 2010.
Revenue from New Home Sales Revenue from the sale of new homes in the United States decreased dramatically from 2005 to 2010 as shown in the model
r
(
t
)
=
412
e
−
0.323
t
billion dollars per year
(
0
≤
t
≤
5
)
,
where t is the year since 2005. If this trend were to have continued into the indefinite future, estimate the total revenue from the sale of new homes in the United States from 2005 on. [HINT: See Example 1.]
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