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13 Nov 2019
The average monthly rent for a 1000-sq-ft apartment in a major metropolitan area from 1998 through 2005 can be approximated by the function below where t is the time in years since the beginning of 1998. Find the value of t when rents were increasing most rapidly. Approximately when did this occur? f(t) = 1.62664-19099t3 + 62.87t2 + 6.5928t + 1040 The rents were increasing most rapidly when t= (Do not round until the final answer. Then round to three decimal places as needed.) The rents were increasing most rapidly during the year Instructor Tip Since the first question is asking for the rents that increase most rapidly, it is looking for the t-value that has a point of diminishing returns. Also, you will most likely be using the Quadratic Formula to answer this question. For the second part of the question, round DOWN to the whole number. For example, if the year is 2006.7, then input 2006 (not 2007) Close
The average monthly rent for a 1000-sq-ft apartment in a major metropolitan area from 1998 through 2005 can be approximated by the function below where t is the time in years since the beginning of 1998. Find the value of t when rents were increasing most rapidly. Approximately when did this occur? f(t) = 1.62664-19099t3 + 62.87t2 + 6.5928t + 1040 The rents were increasing most rapidly when t= (Do not round until the final answer. Then round to three decimal places as needed.) The rents were increasing most rapidly during the year Instructor Tip Since the first question is asking for the rents that increase most rapidly, it is looking for the t-value that has a point of diminishing returns. Also, you will most likely be using the Quadratic Formula to answer this question. For the second part of the question, round DOWN to the whole number. For example, if the year is 2006.7, then input 2006 (not 2007) Close
Jean KeelingLv2
13 Nov 2019