Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The revenue, R , (in billion dollars) of the Polo Ralph Lauren Corporation from 2002 through 2009 is given in the table. Polo Ralph Lauren

The revenue, R, (in billion dollars) of the Polo Ralph Lauren Corporation from 2002 through 2009 is given in the table.Polo Ralph Lauren Corporation Annual Revenue

Year Revenue (billion dollars)
2002 2.36
2003 2.44
2004 2.65
2005 3.31
2006 3.75
2007 4.30
2008 4.88
2009 5.02

(a) Use the data to estimate the interval in which revenue was growing most rapidly. 2004 to 20052005 to 2006 2006 to 20072007 to 2008 (b) Find the function for the logistic model that gives revenue of the Polo Ralph Lauren Corporation in billion dollars where t is the number of years since 2000, with data from

2 t 9.

(Round all numerical values to three decimal places.)

R(t)

=

0.0163x

billion dollars (c) Find the first derivative of the model in part (b). (Round all numerical values to three decimal places.)

R'(t)

=

billion dollars per year (d) Determine the year in which revenue was growing most rapidly. (Round your answer to the nearest year.) Find rate of change of revenue in that year. (Round your answer to three decimal places.) $ billion per year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Real Analysis On Intervals

Authors: A D R Choudary, Constantin P Niculescu

1st Edition

8132221486, 9788132221487

More Books

Students also viewed these Mathematics questions

Question

4. How does eff ective listening diff er across listening goals?

Answered: 1 week ago