Suppose that R₁ = 7.71+0.83t and R₂ = 7.71+0.43t model the revenue (in billions of dollars) for a large corporation. The modelR₁ gives projected annual revenues from 2008 through 2016, witht = 8 corresponding to 2008, and R₂ gives projected revenues if there is a decrease in the rate of growth of corporate sales over the period. Approximate the total reduction in revenue if corporate sales are actually closer to the modelR₂. Round your answer to three decimal places. (A) $38.400 billion B) $3.200 billion $25.600 billion (D) $241.920 billion (E) $40.320 billion

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Suppose that R₁ = 7.71+0.83t and R₂ = 7.71 +0.43t model the revenue (in billions of dollars) for a large corporation. The model₁
gives projected annual revenues from 2008 through 2016, witht = 8 corresponding to 2008, andR₂ gives projected revenues if there
is a decrease in the rate of growth of corporate sales over the period. Approximate the total reduction in revenue if corporate sales
are actually closer to the modelR2. Round your answer to three decimal places.
(A) $38.400 billion
B) $3.200 billion
$25.600 billion
(D) $241.920 billion
E) $40.320 billion
Transcribed Image Text:Suppose that R₁ = 7.71+0.83t and R₂ = 7.71 +0.43t model the revenue (in billions of dollars) for a large corporation. The model₁ gives projected annual revenues from 2008 through 2016, witht = 8 corresponding to 2008, andR₂ gives projected revenues if there is a decrease in the rate of growth of corporate sales over the period. Approximate the total reduction in revenue if corporate sales are actually closer to the modelR2. Round your answer to three decimal places. (A) $38.400 billion B) $3.200 billion $25.600 billion (D) $241.920 billion E) $40.320 billion
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