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.