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

As cassette tapes and compact discs became more popular, the sales of vinyl singles declined according to the accompanying table.

Year t

1988

1989

1992

1994

1996

Millions of units s

65.6

36.6

19.8

11.7

10.1

Source: The World Almanac and Book o f Facts 1998.

Suppose that vinyl singles will be discontinued when their sales fall below 2 million. In what year will this occur?

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Solutions For Problems in Chapter 3.4