Explanation Given information: The Hershey company is the largest US producer of chocolate. In 2011, annual net sales were 6.1 billion dollars and were increasing at a continuous rate of 7% per year. Formula used: The general form of the exponential function is given by P = P 0 e k t k represents continuous decay rate if k < 0 and growth rate if k > 0 . Calculation: Annual net sales were 6.1 billion dollars and were increasing at a continuous rate of 7% per year. ⇒ S 0 = 6 To determine (b) To estimate: The annual net sales in 2015. To determine (c) To estimate: The year in which annual net sale are expected to pass 10 billion dollars using graph and also by check using logarithmic approach.

6th Edition

ISBN: 9781119399322

Author: Hughes-Hallett

Publisher: WILEY

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Chapter 1.6, Problem 46P

To determine

(a)

To write:

A formula for annual net sales, S, as a function of time t, in years since 2011.

To determine

(b)

To estimate:

The annual net sales in 2015.

To determine

(c)

To estimate:

The year in which annual net sale are expected to pass 10 billion dollars using graph and also by check using logarithmic approach.

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Chapter 1.6, Problem 45P

Chapter 1.6, Problem 47P

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Chapter 1 Solutions

APPLIED CALCULUS (WILEY PLUS)

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(a) To write: A formula for annual net sales, S, as a function of time t, in years since 2011.

Solution Summary: The author explains the formula for annual net sales, S, as a function of time t, in years since 2011. The Hershey company is the largest US producer of chocolate.

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(a) To write: A formula for annual net sales, S, as a function of time t, in years since 2011.

(b) To estimate: The annual net sales in 2015.

(c) To estimate: The year in which annual net sale are expected to pass 10 billion dollars using graph and also by check using logarithmic approach.

Want to see the full answer?

Chapter 1 Solutions

(a)

To write:

A formula for annual net sales, S, as a function of time t, in years since 2011.

(b)

To estimate:

The annual net sales in 2015.

(c)

To estimate:

The year in which annual net sale are expected to pass 10 billion dollars using graph and also by check using logarithmic approach.