Use the data point for 1970 to find the function that models

Reference no: EM131798436

Personal income suppose the rate of change of total personal income I in the United States (in billions of dollars) can be modeled by

dI/dt = 33.68e^0.0676t

where t is the number of years past 1960.

(a) Is the average rate of change of total personal income from 2005 to 2008 found from the data in the table a better estimate for the instantaneous rate for 2005 or for 2008?

(b) Use the data point for 1970 to find the function that models I(t).

587_Personal income.png

Reference no: EM131798436

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