(4 pts) The total number of Atlanta Braves shirts a small gift shop has sold during a calendar year is represented by the function , where is the number of months after January.
a. Rewrite
b. Take the derivative using the chain rule.
c. How many times did you use the chain rule?
d. Finish the completely defined rate of change model for the function . shirts per month gives
e. Use your calculator to find .
f. Write a sentence of interpretation for .
g. Find the percentage rate of change at . Be sure to use unrounded numbers in intermediate steps.
f. At 5 months, the sales are increasing by approximately 31.69 shirts per month.
g. The percentage rate of change at is approximately 49.17% per month.
Solution
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Extra Insights
The function provided for the number of Atlanta Braves shirts sold gives us a glimpse into fascinating modeling. This specific formulation is part of a logistic growth model, commonly used in scenarios involving population growth, sales predictions, and even the spread of information! In essence, it demonstrates how sales can experience rapid growth initially, but as they approach market saturation, the growth rate slows.
The application of derivatives in this context allows us to find the rate of change of shirt sales at any given time. It helps us understand how sales are responding to changes over time—in this case, how they evolve month by month after January. A good grasp of these concepts can provide valuable insights to shop owners and marketers aiming to optimize their sales strategies!