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In: Statistics and Probability
The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t...
The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 <= t <= 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = ?0.08t2 + 1.2t + 5.5 million barrels per day (0 <= t <= 10). † Use these models to estimate Russia's daily oil revenue and also its rate of change in 2008. (Round your answers to the nearest $1 million.) daily oil revenue _________million rate of change in 2008 _______million per year
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orchestra answered 2 years agoRelated Solutions
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