Chapter 3: Problem 82
If the number of new model Honda Accord hybrids purchased in North America is given by \(N=\frac{100,000}{1+10 e^{-2 t}},\) where \(t\) is the number of weeks after Honda releases the new model, how many weeks will it take after the release until there are 50,000 Honda hybrids from that batch on the road?
Short Answer
Step by step solution
Understand the Problem
Set the Equation
Simplify the Equation
Distribute and Rearrange
Solve for the Exponential Term
Apply Natural Logarithm
Solve for t
Finalize the Answer
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Natural Logarithms
- Natural logs are base \( e \), where \( e \approx 2.71828 \), a mathematical constant.
- This operation helps when working with exponential decay or growth scenarios.
Natural logarithms simplify complex equations, making it possible to solve them using arithmetic. They are very useful in contexts where variables are exponents.
Solving Equations
- First, eliminate fractions by multiplying both sides by \( 1 + 10e^{-2t} \).
- Next, distribute and simplify the equation to extract the exponential term.
- After isolating \( e^{-2t} \), logarithmic operations can be applied to both sides.
Function Analysis
- The function shows a type of growth limited by the maximum value of 100,000.
- This is indicative of a saturation point or asymptote, typical in logistic growth models.
Function analysis also involves checking the behavior at extreme values. As \( t \rightarrow \infty \), \( e^{-2t} \rightarrow 0 \), leading \( N \) to approach its maximum value of 100,000. These insights help in anticipating the long-term expectations of the model, offering a comprehensive understanding of the situation.