Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 11 - Section 11.1 - Derivatives of Powers, Sums, and Constant Multiples - Exercises - Page 796: 90

Answer

$P^{\prime}(t)=-10t+75$ $P^{\prime}(6)=15$ In the year 2006 the median home price was increasing at a rate of $ 15,000/year.

Work Step by Step

$P^{\prime}(t)=-5(2t)+75(1)-0$ $P^{\prime}(t)=-10t+75$ $P^{\prime}(6)=-10(6)+75=15$ for t=$6$, the year is $2000+6=2006$ $P(c)$ is the rate of change of $P(x)$ when $x=c$, so our interpretation of $P^{\prime}(6)=15$ is: In the year 2006 the median home price was increasing at a rate of $ 15,000/year.
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