Question

The annual revenue earned by Target for fiscal years 2004 through 2010 can be approximated by...

The annual revenue earned by Target for fiscal years 2004 through 2010 can be approximated by R(t) = 41e0.094t billion dollars per year (0 ≤ t ≤ 7), where t is time in years (t = 0 represents the beginning of fiscal year 2004).†

Estimate, to the nearest $10 billion, Target's total revenue from the beginning of fiscal year 2007 to the beginning of fiscal year 2010. $ billion

Homework Answers

Answer #1

Hence, the total required required revenue to the nearest $ 10 billion is $190 billion.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The annual net income of a company for the period 2007–2011 could be approximated by P(t)...
The annual net income of a company for the period 2007–2011 could be approximated by P(t) = 1.6t2 − 11t + 44 billion dollars      (2 ≤ t ≤ 6), where t is the time in years since the start of 2005. According to the model, during what year in this period was the company's net income the lowest? t =   What was the corresponding net income in billions of dollars? (Round your answer to one decimal place.)
A certain country's GDP (total monetary value of all finished goods and services produced in that...
A certain country's GDP (total monetary value of all finished goods and services produced in that country) can be approximated by g(t) = 8,000 − 540e−0.06t billion dollars per year (0 ≤ t ≤ 5), where t is time in years since January 2010. Find an expression for the total GDP G(t) of sold goods in this country from January 2010 to time t. HINT [Use the shortcuts.] G(t) = Estimate, to the nearest billion dollars, the country's total GDP...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014....
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.7 2010 2 29.3 2011 3 38.0 2012 4 50.2 2013 5 59.7 2014 6 66.7 (a) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) Tt = (b)What is the average revenue increase per year (in billions of dollars) that...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014....
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.8 2010 2 29.4 2011 3 37.9 2012 4 50.3 2013 5 59.9 2014 6 66.6 (b) Develop a linear trend equation for this time series to forecast revenue (in billions of dollars). (Round your numerical values to three decimal places.) Tt = 12.56+9.154t    (c) What is the average revenue increase per year (in billions...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014....
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Year Period (t) Revenue ($ billions) 2009 1 23.6 2010 2 29.3 2011 3 37.8 2012 4 50.2 2013 5 59.8 2014 6 66.6 (a) Construct a time series plot.    What type of pattern exists in the data? The time series plot shows an upward linear trend. The time series plot shows a downward curvilinear trend.      The time series plot shows an upward...
Suppose the annual revenue of a startup can be modeled by the equation R(t) = (2t)/(t...
Suppose the annual revenue of a startup can be modeled by the equation R(t) = (2t)/(t + 3) million dollars where t is the number of years from now. A. At what rate will the annual revenue of the startup be increasing 2 years from now? Give an approximation rounded to two decimal places. B. What will be the total revenue of the startup over the next 5 years. Give an approximation rounded to two decimal places. FOR THE NEXT...
The following information is from General Electric Corporation annual reports. YearRevenue ($ million)Employees Year Revenue ($...
The following information is from General Electric Corporation annual reports. YearRevenue ($ million)Employees Year Revenue ($ million) Employees (000) 2004 134 298 2005 152 302 2006 157 316 2007 168 323 2008 177 336 2009 183 324 2010 150 297 2011 147 290 2012 147 300 2013 146 308 2014 149 302 2015 151 326 Compute a simple index for the number of employees for GE using the period 2004−06 as the base. (Round your answers to 1 decimal place.)...
Suppose the annual revenue of a startup can be modeled by the equation R(t) = (2t)/(t...
Suppose the annual revenue of a startup can be modeled by the equation R(t) = (2t)/(t + 3) million dollars where t is the number of years from now. A. At what rate will the annual revenue of the startup be increasing 2 years from now? Give an approximation rounded to two decimal places. B. What will be the total revenue of the startup over the next 5 years. Give an approximation rounded to two decimal places. C. What will...
The average price of a two-bedroom apartment in the uptown area of a prominent American city...
The average price of a two-bedroom apartment in the uptown area of a prominent American city during the real estate boom from 1994 to 2004 can be approximated by p(t) = 0.11e0.10t million dollars    (0 ≤ t ≤ 10) where t is time in years (t = 0 represents 1994). What was the average price of a two-bedroom apartment in this uptown area in 2002, and how fast was the price increasing? (Round your answers to two significant digits.) HINT [See...
Your company introduced a new product line 7 years ago. The annual revenue from that product...
Your company introduced a new product line 7 years ago. The annual revenue from that product line was $4,000,000 per year in Years 0-3 and $5,000,000 per year in Years 4-7. Convert these revenues into an equivalent uniform annual series in Years 1 through 7 (the engineering econ equivalent of the average revenue per year) using an interest rate of 10% per year.