Estimate the average daily shares traded

Reference no: EM131781584

Question: Daily shares traded on the NYSE for selected years from 1970 to 2006, the average daily shares traded (in thousands) on the New York Stock Exchange can be modeled by

N(t) = 63.599e^0.0916t

where t is the number of years past 1900 (Source: New York Stock Exchange, Fact Book).

(a) Use the model to estimate the average daily shares traded in 2013.

(b) Use the model to estimate when the average daily shares traded will reach 3 billion.

Reference no: EM131781584

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