According to the Association of American Railroads, Class I freight railroads are the line-haul freight railroads vith 2006 operating revenue in excess of $346.8 million. Let F- F(e) denote the freight revenue in billions of dollars of Class I railroads in year t. In 2005, Class I railroads had a freight revenue of $44.5 billion. In 2007, the revenue vas $52.9 billion. Calculate the average rate of change per year in F from 2005 to 2007. billion dollars per year Explain in practical terms what this means. O This is the value, in billions of dollars, by vhich the freight revenue for Class I railroads decreased, on average, over this tvo-year period. O This is the value, in billions of dollars, describing the average difference in freight revenue for Class I and Class II railroads. O This is the number of years, on average, it takes for the freight revenue for Class I railroads to decrease by 2 billion dollars. O This is the value, in billions of dollars, by which the freight revenue for Class I railroads increased, on average each year, over this two-year period. O This is the number of vears, on for the freioht revenue for Class I railroads to ino 2 hillion dollar take

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

solve 

According to the Association of American Railroads, Class I freight railroads are the line-haul freight railroads with 2006 operating revenue in excess of $346.8 million. Let F = F(t) denote the freight revenue in billions of dollars of Class I railroads in year t. In 2005,
Class I railroads had a freight revenue of $44.5 billion. In 2007, the revenue was $52.9 billion. Calculate the average rate of change per year in F from 2005 to 2007.
billion dollars per year
Explain in practical terms what this means.
O This is the value, in billions of dollars, by which the freight revenue for Class I railroads decreased, on average, over this two-year period.
O This is the value, in billions of dollars, describing the average difference in freight revenue for Class I and Class II railroads.
O This is the number of years, on average, it takes for the freight revenue for Class I railroads to decrease by 2 billion dollars.
O This is the value, in billions of dollars, by which the freight revenue for Class I railroads increased, on average each year, over this two-year period.
O This is the number of years, on average, it takes for the freight revenue for Class I railroads to increase by 2 billion dollars.
Transcribed Image Text:According to the Association of American Railroads, Class I freight railroads are the line-haul freight railroads with 2006 operating revenue in excess of $346.8 million. Let F = F(t) denote the freight revenue in billions of dollars of Class I railroads in year t. In 2005, Class I railroads had a freight revenue of $44.5 billion. In 2007, the revenue was $52.9 billion. Calculate the average rate of change per year in F from 2005 to 2007. billion dollars per year Explain in practical terms what this means. O This is the value, in billions of dollars, by which the freight revenue for Class I railroads decreased, on average, over this two-year period. O This is the value, in billions of dollars, describing the average difference in freight revenue for Class I and Class II railroads. O This is the number of years, on average, it takes for the freight revenue for Class I railroads to decrease by 2 billion dollars. O This is the value, in billions of dollars, by which the freight revenue for Class I railroads increased, on average each year, over this two-year period. O This is the number of years, on average, it takes for the freight revenue for Class I railroads to increase by 2 billion dollars.
Expert Solution
Step 1

The following table shows the U.S gross domestic product in trillions of dollars as function of the year 't'

Advanced Math homework question answer, step 1, image 1

(a).

The meaning of G(2004) is the gross domestic product in the year 2004.

From the above table G(2004) = $ 11.87 trillion.

(b)

The functional notation to express the gross domestic in 2006 is G(2006)

The average increase from 2004 to 2006 is 

G(2006)=G(2004)+G(2008)2=11.87+14.372=26.242=13.12

So, the value of G(2006) = $13.12 trillion.

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,