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Let us model the number of automobile sales in a developing country as N(t) 158,000 15.9e-0.3(t-2010)' t> 2010 where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2020? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars

Let us model the number of automobile sales in a developing country as N(t) 158,000 15.9e-0.3(t-2010)' t> 2010 where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2020? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 16PPS
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Let us model the number of automobile sales in a developing country as N(t) 158,000 15.9e-0.3(t-2010)' t> 2010 where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2020? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars
Transcribed Image Text:Let us model the number of automobile sales in a developing country as N(t) 158,000 15.9e-0.3(t-2010)' t> 2010 where N is the number of automobiles sold in one year and t is the given year. Round all answers to the nearest car. a. How many cars were sold in 2010, which is the first year of observation? cars b. How many cars are projected to be sold in the year 2020? cars c. If the model holds well into the future, at what level will the sale of cars stabilize? cars
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