Solved: Solve. Unless otherwise indicated, round results to one decimal place. See

Chapter 9, Problem 40

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Solve. Unless otherwise indicated, round results to one decimal place. See Example 6.Retail revenue from shopping on the Internet is currentlygrowing at rate of 26% per year. In 2003, a total of $39billion in revenue was collected through Internet retailsales. Answer the following questions using y = 3911.262t,where y is Internet revenues in billions of dollars and t isthe number of years after 2003. Round answers to the nearesttenth of a billion dollars. (Source: U.S. Bureau of theCensus)a. According to the model, what level of retail revenues fromInternet shopping was expected in 2005?b. If the given model continues to be valid, predict the levelof Internet shopping revenues in 2015.

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