Using U.S. Bureau of Labor Statistics data for selected years from 1994 and projected to 2024, the

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Using U.S. Bureau of Labor Statistics data for selected years from 1994 and projected to 2024, the billions of dollars spent for personal consumption in the United States can be modeled by

P = 6010e^0.0252t

where t is the number of years after 1990. If this model is accurate, find and interpret the rate of change of personal consumption in 2022.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 06, 2020 05:50 AM

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Using U.S. Bureau of Labor Statistics data for selected years from 1994 and projected to 2024, the

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Mathematical Applications For The Management, Life And Social Sciences

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