In a study conducted in 2004, it was found that the share of online advertisement worldwide, as a percentage of the total ad market, was expected to grow at the rate of R(t) = −0.036t2 + 0.3076t + 0.04 0 ≤ t ≤ 6 percent per year at time t (in years), with t = 0 corresponding to the beginning of 2000. The online ad market at the beginning of 2000 was 1.6% of the total ad market. What is the projected online ad market share at any time t? S(t)=_______ What is the projected online ad market share (as a percentage) at the beginning of 2005? (round your answer to two decimal places. _______%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In a study conducted in 2004, it was found that the share of online advertisement worldwide, as a percentage of the total ad market, was expected to grow at the rate of

R(t) = −0.036t2 + 0.3076t + 0.04    0 ≤ t ≤ 6
 
percent per year at time t (in years), with t = 0 corresponding to the beginning of 2000. The online ad market at the beginning of 2000 was 1.6% of the total ad market.
 
What is the projected online ad market share at any time t?
S(t)=_______
 
What is the projected online ad market share (as a percentage) at the beginning of 2005? (round your answer to two decimal places.
_______%
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