- Use A Differential To Approximate Give Your Answer Correct To 4 Decimal Places 7 3 98 3 98 1 X Forecasting Co 1 (4.02 KiB) Viewed 30 times
- Use A Differential To Approximate Give Your Answer Correct To 4 Decimal Places 7 3 98 3 98 1 X Forecasting Co 2 (16.55 KiB) Viewed 30 times
Use a differential to approximate. (Give your answer correct to 4 decimal places.) 7(3.98) (3.98)² + 1 X
Forecasting Commodity Prices Government economists in a certain country have determined that the demand equation for soybeans is given by p = f(x) = 58 2x² + 1 where the unit price p is expressed in dollars per bushel and x, the quantity demanded per year, is measured in billions of bushels. The economists are forecasting a harvest of 2.1 billion bushels for the year, with a possible error of 10% in their forecast. Use differentials to approximate the corresponding error in the predicted price per bushel of soybeans. (Round your answer to one decimal place.) ± 0.2 X dollars per bushel