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Based on data from 1990 to 1999, the average hotel/motel room rate can be modeled by R ( t ) =27.80 1 + 47.23 e
Based on data from 1990 to 1999, the average hotel/motel room rate can be modeled by
R(t) =27.80
1 + 47.23e0.6425t
+ 57 dollars per day
where t is the number of years since the end of 1990.
Approximate the rate at which the hotel/motel room rate was changing at the end of 1996. (Round your answer to two decimal places.)
dollars per day per year
Approximate the rate at which the hotel/motel room rate was changing at the end of 1998. (Round your answer to two decimal places.)
dollars per day per yea
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