A model for the average price of a pound of white sugar in a certain country from August 1993 to August 2003 is given by the function S(t) = -0.00003237t5 + 0.00090374 0.008956t³ + 0.03629t2 0.04547t+ 0.3344 where t is measured in years since August of 1993. Estimate the times when sugar was cheapest and most expensive during the period 1993-2003. (Round your answers to three decimal places.) (cheapest) t = (most expensive) t = Need Help? Read II Watch It

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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**Model for Sugar Price Analysis**

A model for the average price of a pound of white sugar in a certain country from August 1993 to August 2003 is given by the function:

\[ S(t) = -0.0000327t^5 + 0.0009037t^4 - 0.008956t^3 + 0.03629t^2 - 0.04547t + 0.3344 \]

where \( t \) is measured in years since August of 1993. Estimate the times when sugar was cheapest and most expensive during the period 1993-2003. (Round your answers to three decimal places.)

- **Cheapest** \( t = \)
- **Most expensive** \( t = \)

**Need Help?**
- [Read It]
- [Watch It]

(Note: The text includes placeholders for interactive elements such as "Read It" and "Watch It.")
Transcribed Image Text:**Model for Sugar Price Analysis** A model for the average price of a pound of white sugar in a certain country from August 1993 to August 2003 is given by the function: \[ S(t) = -0.0000327t^5 + 0.0009037t^4 - 0.008956t^3 + 0.03629t^2 - 0.04547t + 0.3344 \] where \( t \) is measured in years since August of 1993. Estimate the times when sugar was cheapest and most expensive during the period 1993-2003. (Round your answers to three decimal places.) - **Cheapest** \( t = \) - **Most expensive** \( t = \) **Need Help?** - [Read It] - [Watch It] (Note: The text includes placeholders for interactive elements such as "Read It" and "Watch It.")
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