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
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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