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Refer to Exercise 38. Determine the average occupancy rate of the hotel over a 1-year period from June 1 through May 31 of the following year.
38. HOTEL OCCUPANCY RATE The occupancy rate (in percent) of a large hotel in Maui in month t is described by the function
where t = 0 corresponds to the beginning of June. When is the occupancy rate highest? When is the occupancy rate increasing most rapidly?
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Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)
- Find the average rate of change for each function over the given interval. y=1x1 between x=2 and x=0arrow_forwardRepeat the previous exercise to find the formula forthe APY of an account that compounds daily. Usethe results from this and the previous exercise todevelop a function I(n)for the APY of any accountthat compounds n times per year.arrow_forward
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