The numbers y of commercial banks in the United States from 2007 through 2013 can be
Chapter 4, Problem 149(choose chapter or problem)
The numbers y of commercial banks in the United States from 2007 through 2013 can be modeled by
\(y=11,912-2340.1 \ln t, \quad 7 \leq t \leq 13\)
where t represents the year, with t = 7 corresponding to 2007. In what year were there about 6300 commercial banks? (Source: Federal Deposit Insurance Corp.)
Text Transcription:
y = 11,912 − 2340.1 ln t, 7 leq t leq 13
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