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In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N (t) = 2,480 (0.052) O N(t) = 2,480 e5.2 t O N(t) = 2,480 (5.2)t O N(t) = 2,480 e0-D52 t b. Find and interpret N(4). O 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. O 4,004; The number of units sold by the company was increased by 4,004 units since 2006. O 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. O 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number

In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N (t) = 2,480 (0.052) O N(t) = 2,480 e5.2 t O N(t) = 2,480 (5.2)t O N(t) = 2,480 e0-D52 t b. Find and interpret N(4). O 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. O 4,004; The number of units sold by the company was increased by 4,004 units since 2006. O 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. O 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...
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In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N(t) = 2,480 (0.052)* O N(t).= 2,480 e5.2 t %3D N (t) = 2,480 (5.2)t O N(t) = 2,480 e0.052 t b. Find and interpret N(4). 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. 4,004; The number of units sold by the company was increased by 4,004 units since 2006. 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number
Transcribed Image Text:In 2002, a company sold 2,480 units. The company's accountant noticed a 5.2% continuous annual increase in the number of units sold between 2002 and 2008. a. Identify a natural exponential function N(f) that models the number of units sold by the company, where t is the number of years after 2002. O N(t) = 2,480 (0.052)* O N(t).= 2,480 e5.2 t %3D N (t) = 2,480 (5.2)t O N(t) = 2,480 e0.052 t b. Find and interpret N(4). 4,004; In the year 2006, the number of urs sold by the company was approximately 4,004 units. 4,004; The number of units sold by the company was increased by 4,004 units since 2006. 3,053; In the year 2006, the number of units sold by the company was approximately 3,053 units. 3,053; The number of units sold by the company was increased by 3,053 units since 2006. c. If this growth rate continues, use your model to estimate when the company will sell approximately 8,000 units. Solve algebraically and round your answer to the nearest whole number. Number years after 2002, or Number
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