Assume that sales revenues for Continental Divide Mining can be modeled by R(t) = 20.031t 2 +
Question:
Assume that sales revenues for Continental Divide Mining can be modeled by
R(t) = 20.031t2 + 0.776t + 0.179
where t is the number of years past 2007.
(a) Use the function to determine the year in which maximum revenue occurs and the maximum revenue it predicts.
(b) Check the result from (a) against the data in the table.
(c) Graph R(t) and the data points from the table.
(d) Write a sentence to describe how well the function fits the data.
The data in the table give sales revenues and costs and expenses for Continental Divide Mining for various years.
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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