Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0 of 1 Pharmaceutical firms invest significant money in testing any new medication. After the drug is approved for use, it still takes time for

image text in transcribed
0 of 1 Pharmaceutical firms invest significant money in testing any new medication. After the drug is approved for use, it still takes time for physicians to fully accept and start prescribing the medication. The acceptance by physicians approaches a limiting value of 100%, or 1, after time t, in months. Suppose that the percentage P of physicians prescribing a new cancer medication is approximated by the equation below. Complete parts (a) through (c). P(t) = 100 (1 - e -0.43t) a) What percentage of doctors are prescribing the medication after 16 months? % ary (Do not round until the final answer. Then round to the nearest tenth as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Mario F. Triola

12th Edition

0321836960, 978-0321836960

Students also viewed these Mathematics questions