The following table gives the online sales, in billions of dollars, from 2000 and projected to 2017.
Question:
(a) Model these data with a power function E(t), where t is the number of years past 1990. Report the model with three significant digit coefficients.
(b) Use the reported model from part (a) to find the function that models the rate of change of online sales.
(c) Use the result from part (b) to find and interpret the rate of change of online sales in 2020.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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