Chapter 6: Problem 58
When a company sells a product with a lifetime guarantee, the number of items returned for repair under the guarantee usually decreases with time. A company estimates that the annual rate of returns after \(t\) years will be \(800 e^{-0.2 t}\). Find the total number of returns by summing (integrating) this rate from 0 to \(\infty\).
Short Answer
Step by step solution
Understanding the Given Rate Function
Setting Up the Integral
Solving the Integral
Evaluating the Definite Integral
Final Solution Interpretation
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Definite Integrals
- The definite integral of a function \( f(x) \) from \( a \) to \( b \) is expressed as \( \int_{a}^{b} f(x) \, dx \).
- The result of this integral gives the accumulated total between \( a \) and \( b \).
- For example, in this exercise, we calculated the total number of product returns by integrating the rate of returns over time.
Exponential Functions
- In the given exercise, the rate of returns is modeled by the exponential function \( 800e^{-0.2t} \).
- The negative exponent indicates a decay process, meaning the rate diminishes over time.
- Exponential decay is characterized by a quantity decreasing by a consistent percentage over equal intervals of time.
Rate of Change
- In the context of this exercise, the rate of change is given by the function \( 800e^{-0.2t} \), which defines the number of returns per year.
- This rate decreases exponentially, highlighting how the company's returns reduce as time passes.
- Understanding the rate of change allows us to comprehend the long-term behavior of systems or processes, such as the steady decrease in returns over time.