Question: The average value of a function over a region a < x < b is given by: (f) = b a (f(x)dx) / (b

The average value of a function over a region a < x < b is given by:

(f) = b ∫a (f(x)dx) / (b − a)  

The price of gold, P, increased from about $270 per ounce in 2001 to $1400 per ounce in 2011, roughly following a functional form given by P(t) = $270 + $11.3 yr^−2 t^2 where t is the time in years since 2001.

Using a definite integral, find the average price of gold in the two year period between t = 2 yr and t = 4 yr


Step by Step Solution

3.57 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To find the average price of gold using the definite integral well follow these steps Step 1 Identif... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

606ad56862eaf_48688.pdf

180 KBs PDF File

Word file Icon

606ad56862eaf_48688.docx

120 KBs Word File

Students Have Also Explored These Related Mathematics Questions!