An automobile company is ready to introduce a new line of hybrid cars through a national sales
Question:
An automobile company is ready to introduce a new line of hybrid cars through a national sales campaign. After test marketing the line in a carefully selected city, the marketing research department estimates that sales (in millions of dollars) will increase at the monthly rate of
S′(t) = 10 - 10e-0.1t 0 ≤ t ≤ 24
t months after the campaign has started.
(A) What will be the total sales S(t) t months after the beginning of the national campaign if we assume no sales at the beginning of the campaign?
(B) What are the estimated total sales for the first 12 months of the campaign?
(C) When will the estimated total sales reach $100 million? Use a graphing calculator to approximate the answer to two decimal places.
Step by Step Answer:
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker