Asked by Wiz
A popular search engine is targeting European countries where the number of online households is expected to grow at a steady rate. Data was taken over time, and it was found that the number of online houses (in millions) projected can be modeled by the following function:
N(t) = 34.68 + 23.88 ln(1.05t + 5.3), f or 0 _< t _< 2.
The values of t are in years and when t = 0 , the year is 2004. Address the following questions:
a. What was the projected number of online households at the beginning of 2005?
b. How fast was the projected number of online households increasing at the beginning of 2005
N(t) = 34.68 + 23.88 ln(1.05t + 5.3), f or 0 _< t _< 2.
The values of t are in years and when t = 0 , the year is 2004. Address the following questions:
a. What was the projected number of online households at the beginning of 2005?
b. How fast was the projected number of online households increasing at the beginning of 2005