The U.S. Energy Information Administration projected that imports of petroleum products in 2005 would be 4.81 quadrillion Btu and would increase by 5.47% each year through 2020.T(a) Find the function of the model that gives projected petroleum imports in quadrillion Btu, where t is the number of years since 2005, with data from 0 sts 15P(t) =quadrillion Btu(b) According to the model, when will imports exceed 7 quadrillion Btu? (Round your answer for t to two decimal places.)Imports will exceed 7 quadrillion Btu in t=years which will occur in the year(c) Describe the end behavior of the model as time increases.P(t) increases without bound as t increases.O P(t) approaches a limiting value of 33.67 as t increases.OP(t) decreases without bound as t increasesP(t) remains constant as t increases.OP(t) decreases toward 0 as t increases

Part (a)P2005 = 4.81 quadrillion BtuAnnual growth rate, g = 5.47%If “t” is the number of years…

Answered: The U.S. Energy Information…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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