Streaming Music Consumers are spending more on music from digital sources than they do on CDs. Purchases of streamed music from projected to grow in accordance with the model f(t) = 3.7 + 0.84 In(t + 1) (0 sts 5) where f(t) is measured in billions of dollars and t is measured in years, with t = 0 corresponding to 2012.t (a) What was the amount spent by consumers on streamed music in 2012? $ 3.7 billion What was the amount spent by consumers on streamed music in 2013? (Round your answer to one decimal place.) $ 4.3 billion (b) How fast was the amount spent by consumers on streamed music growing in 2013? (Round your answer to one decimal place.) %24 billion/year

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Streaming Music Consumers are spending more on music from digital sources than they do on CDs. Purchases of streamed music from services such as Pandora and Spotify are
projected to grow in accordance with the model
f(t) = 3.7 + 0.84 In(t + 1) (0 sts 5)
where f(t) is measured in billions of dollars and t is measured in years, with t = 0 corresponding to 2012.t
(a) What was the amount spent by consumers on streamed music in 2012?
$ 3.7
v billion
What was the amount spent by consumers on streamed music in 2013? (Round your answer to one decimal place.)
$ 4.3
billion
(b) How fast was the amount spent by consumers on streamed music growing in 2013? (Round your answer to one decimal place.)
24
billion/year
Transcribed Image Text:Streaming Music Consumers are spending more on music from digital sources than they do on CDs. Purchases of streamed music from services such as Pandora and Spotify are projected to grow in accordance with the model f(t) = 3.7 + 0.84 In(t + 1) (0 sts 5) where f(t) is measured in billions of dollars and t is measured in years, with t = 0 corresponding to 2012.t (a) What was the amount spent by consumers on streamed music in 2012? $ 3.7 v billion What was the amount spent by consumers on streamed music in 2013? (Round your answer to one decimal place.) $ 4.3 billion (b) How fast was the amount spent by consumers on streamed music growing in 2013? (Round your answer to one decimal place.) 24 billion/year
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