Crude Oil Prices The price per barrel of crude oil in the period 1980–2013, in constant 2014 dollars, can be approximated by P ( t ) = 0.27 ( t − 1980 ) 2 − 8.6 ( t − 1980 ) + 93 dollars ( 1980 ≤ t ≤ 2013 ) , where t is the year. 30 Find P ' ( t ) and P ' ( 2010 ) . What does the second answer tell you about the price of crude oil?
Crude Oil Prices The price per barrel of crude oil in the period 1980–2013, in constant 2014 dollars, can be approximated by P ( t ) = 0.27 ( t − 1980 ) 2 − 8.6 ( t − 1980 ) + 93 dollars ( 1980 ≤ t ≤ 2013 ) , where t is the year. 30 Find P ' ( t ) and P ' ( 2010 ) . What does the second answer tell you about the price of crude oil?
Solution Summary: The author calculates the value of P'(t), if it is given that the price per barrel of crude oil in 1980-2013 and in constant 2014 dollars is approximate
Crude Oil Prices The price per barrel of crude oil in the period 1980–2013, in constant 2014 dollars, can be approximated by
P
(
t
)
=
0.27
(
t
−
1980
)
2
−
8.6
(
t
−
1980
)
+
93
dollars
(
1980
≤
t
≤
2013
)
,
where t is the year.30 Find
P
'
(
t
)
and
P
'
(
2010
)
. What does the second answer tell you about the price of crude oil?
(b) Determine the maximum gas mileage. Round your answer to one decimal place.
The maximum gas mileage is
mpg.
X
Life Expectancy The figure gives the number ofyears the average man is estimated to live beyond age65 during selected years between 1950 and 2030. Letx represent the year and let y represent the expectednumber of years a man will live past age 65. Writey = g(x) and answer the following questions:a. What is g(2020) and what does it mean?b. What was the life expectancy for the average manin 1950?c. Write a function expression that indicates thatthe average man in 1990 has a life expectancy of80 years
こ
at X=t
Chapter 11 Solutions
Student Solutions Manual for Waner/Costenoble's Finite Math and Applied Calculus, 7th
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