For the years since a department store has been open, its annual revenue, \( R \) (in millions of dollars), can be modeled by the function graphed below, where \( t \) is the number of years since the store opened. ### Description of the Graph: - **Axes**: - The horizontal axis (x-axis) represents time \( t \), in years since the store opened. It ranges from 0 to 16. - The vertical axis (y-axis) represents revenue \( R(t) \), in millions of dollars. It ranges from -1 to 2. - **Function Curve**: - The graph features a red curve that starts at around 1.3 million dollars when \( t = 0 \). - The revenue increases gradually, reaching a peak of approximately 1.7 million dollars between years 6 and 7. - After the peak, the revenue starts to decline sharply, dropping below 0 around year 15, indicating a negative revenue or loss. - **Graph Behavior**: - Initially, the revenue grows, depicting growth in the early years. - After peaking, the revenue decreases, possibly indicating diminishing returns or increased competition. This graphical representation of revenue over time gives insights into the financial trajectory of the department store. Understanding this model can aid in devising strategies for business sustainability and growth. The image shows a multiple-choice question focused on interpreting the average rate of change in revenue over time. It reads: **Question:** How should the average rate of change between \( t = 0 \) and \( t = 6 \) be interpreted? **Options:** - ○ Revenue increased on average by about $35,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $200,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $350,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $1,580,000 per year over the first six years after the store opened. A graph is partially visible above the question but details are not clear from the image. The graph likely relates to the dataset or scenario described in the question.

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

29. For the years since a department store has been open, its annual revenue, R, (in millions of dollars) can be modeled by the function graphed below, where t is the number of years since the store opened. 

 

For the years since a department store has been open, its annual revenue, \( R \) (in millions of dollars), can be modeled by the function graphed below, where \( t \) is the number of years since the store opened.

### Description of the Graph:

- **Axes**: 
  - The horizontal axis (x-axis) represents time \( t \), in years since the store opened. It ranges from 0 to 16.
  - The vertical axis (y-axis) represents revenue \( R(t) \), in millions of dollars. It ranges from -1 to 2.

- **Function Curve**: 
  - The graph features a red curve that starts at around 1.3 million dollars when \( t = 0 \).
  - The revenue increases gradually, reaching a peak of approximately 1.7 million dollars between years 6 and 7.
  - After the peak, the revenue starts to decline sharply, dropping below 0 around year 15, indicating a negative revenue or loss.

- **Graph Behavior**:
  - Initially, the revenue grows, depicting growth in the early years.
  - After peaking, the revenue decreases, possibly indicating diminishing returns or increased competition.

This graphical representation of revenue over time gives insights into the financial trajectory of the department store. Understanding this model can aid in devising strategies for business sustainability and growth.
Transcribed Image Text:For the years since a department store has been open, its annual revenue, \( R \) (in millions of dollars), can be modeled by the function graphed below, where \( t \) is the number of years since the store opened. ### Description of the Graph: - **Axes**: - The horizontal axis (x-axis) represents time \( t \), in years since the store opened. It ranges from 0 to 16. - The vertical axis (y-axis) represents revenue \( R(t) \), in millions of dollars. It ranges from -1 to 2. - **Function Curve**: - The graph features a red curve that starts at around 1.3 million dollars when \( t = 0 \). - The revenue increases gradually, reaching a peak of approximately 1.7 million dollars between years 6 and 7. - After the peak, the revenue starts to decline sharply, dropping below 0 around year 15, indicating a negative revenue or loss. - **Graph Behavior**: - Initially, the revenue grows, depicting growth in the early years. - After peaking, the revenue decreases, possibly indicating diminishing returns or increased competition. This graphical representation of revenue over time gives insights into the financial trajectory of the department store. Understanding this model can aid in devising strategies for business sustainability and growth.
The image shows a multiple-choice question focused on interpreting the average rate of change in revenue over time. It reads:

**Question:**
How should the average rate of change between \( t = 0 \) and \( t = 6 \) be interpreted?

**Options:**
- ○ Revenue increased on average by about $35,000 per year over the first six years after the store opened.
- ○ Revenue increased on average by about $200,000 per year over the first six years after the store opened.
- ○ Revenue increased on average by about $350,000 per year over the first six years after the store opened.
- ○ Revenue increased on average by about $1,580,000 per year over the first six years after the store opened.

A graph is partially visible above the question but details are not clear from the image. The graph likely relates to the dataset or scenario described in the question.
Transcribed Image Text:The image shows a multiple-choice question focused on interpreting the average rate of change in revenue over time. It reads: **Question:** How should the average rate of change between \( t = 0 \) and \( t = 6 \) be interpreted? **Options:** - ○ Revenue increased on average by about $35,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $200,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $350,000 per year over the first six years after the store opened. - ○ Revenue increased on average by about $1,580,000 per year over the first six years after the store opened. A graph is partially visible above the question but details are not clear from the image. The graph likely relates to the dataset or scenario described in the question.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 15 images

Blurred answer
Similar questions
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,