Pharmaceutical firms invest significant money in testing any new medication After the drug is approved for use, it still takes time for physicians to fully accept and start prescribing the medication. The acceptance by physicians approaches a limiting value of 100%, or 1, after time t, in months Suppose that the percentage P physicians prescribing a new cancer medication is approximated by the equation below. Complete parts (a) through (c). P(t) = 100 (1- e -0 421)

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
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Pharmaceutical firms invest significant money in testing any new medication After the drug is approved for use, it still takes time for physicians to fully accept and
start prescribing the medication. The acceptance by physicians approaches a limiting value of 100%, or 1, after time t, in months. Suppose that the percentage P of
physicians prescribing a new cancer medication is approximated by the equation below. Complete parts (a) through (c).
P(1) = 100 (1– e -0421)
a) What percentage of doctors are prescribing the medication after 13 months?
(Do not round until the final answer. Then round to the nearest tenth as needed.)
Transcribed Image Text:Pharmaceutical firms invest significant money in testing any new medication After the drug is approved for use, it still takes time for physicians to fully accept and start prescribing the medication. The acceptance by physicians approaches a limiting value of 100%, or 1, after time t, in months. Suppose that the percentage P of physicians prescribing a new cancer medication is approximated by the equation below. Complete parts (a) through (c). P(1) = 100 (1– e -0421) a) What percentage of doctors are prescribing the medication after 13 months? (Do not round until the final answer. Then round to the nearest tenth as needed.)
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