Mth114 S2007 Q5

MTH 114 Quiz 5
La Salle University
Dr. R. DiDio
Spring 2007

The following table shows the yearly revenue in $1,000’s of a Center City restaurant that opened in 2000.

Year Revenue ($K)
2000 30
2001 50
2002 117
2003 265
2004 512
2005 820
2006 880

a) Use the symmetric difference quotient method to estimate how fast revenue is changing in 2002.

b) Determine a logistic model for R(t), the revenue as a function of years since the restaurant opened.

c) Using your model equation from (b), determine how fast the revenue is changing in 2002.

d) Determine the percentage rate of change of revenue in 2002.

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