Question
A country's daily oil production can be approximated by q ( t ) = 0.013 t 2 0.4 t + 5.27 million barrels(8 t 13)
A country's daily oil production can be approximated by
q(t) =0.013t20.4t+5.27million barrels(8t13)
wheretis time in years since the start of 2000. At the start of 2010 the price of oil was $82per barrel and decreasing at a rate of $28per year. How fast was (daily) oil revenue changing at that time?
At the start of 2010 oil revenue is decreasing athow many millions of dollars per year.
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Statistical Inference
Authors: George Casella, Roger L. Berger
2nd edition
0534243126, 978-0534243128
