Question: Using data from 2000 and projected to 2050, the receipts (in billions of dollars) for world tourism can be modeled by the function y =

Using data from 2000 and projected to 2050, the receipts (in billions of dollars) for world tourism can be modeled by the function
y = 165.55(1.055x)
where x is the number of years past 1980.
(a) Write the function that models the rate of change in the tourism receipts. Use four significant digits.
(b) Predict the rate of change of tourism receipts in 2015.

Step by Step Solution

★★★★★

3.36 Rating (174 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a y 1655501055 x y 1655... View full answer

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 (1 attachment)

1386-M-C-L-A-D(4235).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

Online sales, which make up about 5% of total retail sales in the United States, are expected to top $400 billion by 2017. Using data from 2000 and projected to 2017, the revenue, in billions of...

1. With U.S. Department of Health and Human Services data from 2000 and projected to 2018, the total public expenditures for health care H can be modeled by H = 624e0.07t where t is the number of...

As the baby boom generation ages and the proportion of the U.S. population over age 65 increases, the number of Americans with Alzheimer's disease and other dementia is projected to grow each year....

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

Using data from 2010 and projected to 2030, the U.S. crude oil production, in billions of barrels, can be approximated by P = 4.00105:2 + 0.0367t + 1.94 where t is the number of years after 2010.+...

Using U.S. Centers for Medicare and Medicaid Services data from 2000 and projected to 2024, the total U.S. expenditures (in billions of dollars) for professional health services and retail medical...

1 The following model can be used to show the probability for how often a customer arrives at a drive up window: P(t)=1-e^(-0.2t) Determine the probability of arriving at t=5. Determine the...

I want answers to the case study below CASE STUDY The Rise, Fall, and Resurrection of Iridium: A Project Management Perspective The Iridium Project was designed to create a worldwide wireless...

What is the present value of the projected merger benefits in Table A as of December 31, 2015? Are the projections reasonable? How does the present value of the pre-merger operational improvements...

The Rise, Fall, and Resurrection of Iridium: A Project Management Perspective The Iridium Project was designed to create a worldwide wireless handheld mobile phone system with the ability to...

Why can a decrease in tax rates increase AS as well as AD, whereas an increase in government purchases will increase AD but not AS?

John Kresge, vice president of supply chain, was very concerned when he left the meeting at MoonChem, a chemical specialty maker. At the end of the year meeting, financial performance was evaluated...

Question 5 Firms are legally required to pay dividends to stockholders just as they must make interest payments to lenders. True False Clear selection

10. The following is a report from an ABS survey-taker: There Page 47 were 65 people in the houses I visited. Ten of them were children under 16, 25 people had full-time jobs, and five had parttime...

For each of the following functions (i) give a definition like those in (2), (ii) sketch the graph, and (iii) find a formula similar to Equation 3. (a) Csch1 (b) Sech1 (c) Coth1

Prove the formulas given in Table 6 for the derivatives of the following functions. (a) Csch1 (b) Tanh1 (c) Csch1 (d) Sech1 (e) Coth1

A flexible cable always hangs in the shape of a catenarys y = c + a cosh (x/a), where and are constants and a > 0 (see Figure 4 and Exercise 50). Graph several members of the family of functions y =...

The following options have the same underlying stock that does not pay any dividends. The stock is currently trading at $20 per share. Rank the following options by price, starting with the highest...

I am most confused with the bonus than anything Philadelphia Fastener Corporation manufactures nails, screws, bolts, and other fasteners. Management is considering a proposal to acquire new...

Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in its preparation. Sales: February $501,000;...