Problem

Use the best-fitting exponential model to determine the answer to each question. (For prob...

Use the best-fitting exponential model to determine the answer to each question. (For problems using calendar years, “reset the clock” so that t = 0 in the year for which you first have data.)

Exercise

A BlackBerry is an all-in-one mobile device that includes phone, e-mail, Web browser, and organizer features. The number of BlackBerry subscribers has grown according to the following table.

Year t

2001

2002

2003

2004

2005

Thousands of subscribers S

165

321

534

1070

2510

Source: USA Today.

a. At what average annual rate did the number of BlackBerry subscribers grow during this period?


b. If this trend continues, how many BlackBerry subscribers would you expect there to be in 2010?

Step-by-Step Solution

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Solutions For Problems in Chapter 3.4