Intermediate Algebra: Connecting Concepts through Application

Published by Brooks Cole
ISBN 10: 0-53449-636-9
ISBN 13: 978-0-53449-636-4

Chapter 4 - Quadratic Functions - 4.7 Graphing Quadratics from Standard Form - 4.7 Exercises - Page 386: 20

Answer

a) $\$1962.2$ million b) $1999$, $2003$ c) $2001$

Work Step by Step

Given \begin{equation} I(t)=-145.86 t^2+3169.342 t-15145.2. \end{equation} a) Set $t= 10$ to estimate the net income for Dell in the year $2000$. \begin{equation} \begin{aligned} I(10) & =-145.86 \cdot 10^2+3169.34 \cdot 10-15145.2 \\ & =1962.2 \end{aligned} \end{equation} The net income for Dell in $2000$ was about $\$ 1962.2$ million. b) Set $I(t)= 1500$ to find the values of $t$, which gives the year(s) that the sale will reach $\$1500$ million . \begin{equation} \begin{aligned} -145.86 t^2+3169.342 t-15145.2 & =1500 \\ -145.86 t^2+3169.342-15145.2-1500 & =0 \\ -145.86 t^2+3169.342 t-16645.2 & =0. \end{aligned} \end{equation} Solve the equation $$ \begin{aligned} t & =\frac{-3169.34 \pm \sqrt{3169.34^2-4(-145.86)(-16645.2)}}{2(-145.86)} \\ & =-\frac{-3169.34 \pm \sqrt{333240.5476}}{291.72} \\ & =-(-10.8643 \pm 1.9788). \end{aligned} $$ The solutions are: $$ \begin{aligned} t_1 & =-(-10.8643+1.9788) \\ & \approx 8.89 \\ t_2 & =-(-10.8643+1.9788) \\ & \approx 12.84. \end{aligned} $$ Dell's net income reached $1500$ million in about $1999$ and again in about $2003$. c) The vertex of the income function will give us the maximum income. Use $a= -145.86$ and $b= -3169.342$ into the following formula. $$ \begin{aligned} t & =\frac{-b}{2 a} \\ & =\frac{-3169.342}{2(-145.86)} \\ & =10.864 \end{aligned} $$ $$ \begin{aligned} I_{max} & =-145.86(10.864)^2+3169.342(10.364)-15145.2 \\ & =2071.187. \end{aligned} $$ The vertex is $(10.864,2071.187)$. This means that the company had the highest income of $\$2071.187$ million in $2001$.
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