Question
The value of the Conference Board Index of 10 economic indicators in the United States could be approximated by the following function of time t
The value of the Conference Board Index of 10 economic indicators in the United States could be approximated by the following function of time t in months since the end of December 2002.
E(t) =
0.2t + 105 | if 6 t 15 |
0.2t + 111 | if 15 < t 20. |
(a)
Estimate
E(10), E(17), and E(20).
E(10) | = | |
E(17) | = | |
E(20) | = |
Interpret your answers.
E(10)
means in ---Select--- January February March April May June July August September October November December of the year the Conference Board Index was .
E(17)
means in ---Select--- January February March April May June July August September October November December of the year the Conference Board Index was .
E(20)
means in ---Select--- January February March April May June July August September October November December of the year the Conference Board Index was .
(b)
Sketch the graph of E. Use your graph to estimate when the index first reached 108.
t =
(c)
Use technology to generate a table of values for E(t) with
t = 6, 7, , 20.
t | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|
E(t) |
t | 11 | 12 | 13 | 14 | 15 |
---|---|---|---|---|---|
E(t) |
t | 16 | 17 | 18 | 19 | 20 |
---|---|---|---|---|---|
E(t) |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started