A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2005 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000966(1.104), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2002? The cost of a 30-second campaign ad in 2002 was (Simplify your answer. Round to the nearest dollar as needed.)
A minute ad during a campaign in 1973 cost $200,000. The price tag for a 30-second ad slot during a 2005 campaign was $3 million. The cost of a 30-second slot of advertising for a campaign can be modeled by y = 0.0000966(1.104), where x is the number of years after 1900 and y is the cost in millions. Complete (a) and (b) below. a. According to the model, what was the cost of a 30-second campaign ad in 2002? The cost of a 30-second campaign ad in 2002 was (Simplify your answer. Round to the nearest dollar as needed.)
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CT: Test
Problem 16CT
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