Chapter 11: Problem 48
Two models, \(R_{1}\) and \(R_{2}\), are given for revenue (in billions of dollars per year) for a large corporation. Both models are estimates of revenues for 2007 through 2011, with \(t=7\) corresponding to \(2007 .\) Which model is projecting the greater revenue? How much more total revenue does that model project over the five-year period? $$ R_{1}=7.21+0.26 t+0.02 t^{2}, R_{2}=7.21+0.1 t+0.01 t^{2} $$
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.