Question

The formula for estimating the number, N, of a certain product sold is N = 8800ln(7t + 9), where t is the number of years after the product is introduced. What is the expected number of sales 2 years after the product is introduced? Round to the nearest whole number.

Answer 1

To determine or predict the expected number of sales after 2 years, we substitute 2 to the t of the givne equation.
                           N = (8800)xln(7(2) + 9)
                                N = 27,592.34
Thus, it is expected that the number of sales after 2 years is 27,592 units.