Question: In a study conducted in 2004, it was found that the share of online advertisement worldwide, as a percentage of the total ad market, was

In a study conducted in 2004, it was found that the share of online advertisement worldwide, as a percentage of the total ad market, was expected to grow at the rate of

R(t) = 0.024t2 + 0.3028t + 0.04 0 t 6

percent per year at time t (in years), with t = 0 corresponding to the beginning of 2000. The online ad market at the beginning of 2000 was 1% of the total ad market.

(a)

What is the projected online ad market share at any time t?

S(t) =

(b)

What is the projected online ad market share (as a percentage) at the beginning of 2005? (Round your answer to two decimal places.)

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