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Approximate the rate at which the hotel

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Reference no: EM132040312

Based on data from 1990 to 1999, the average hotel/motel room rate can be modeled by

R(t) = 27.80

1 + 47.23e-0.6425t

+ 57 dollars per day

where t is the number of years since the end of 1990.†

Approximate the rate at which the hotel/motel room rate was changing at the end of 1996. (Round your answer to two decimal places.) dollars per day per year

Approximate the rate at which the hotel/motel room rate was changing at the end of 1998. (Round your answer to two decimal places.) dollars per day per year

Reference no: EM132040312

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