years: 2003 2004 2005 2006 2007 2008 2009
%growth: -12.5 92.9 237 186.6 37.2 -11.7 7.3
a)According to the US Department of Energy,the US consumed 91 million gallons of biodiesel in 2005.Approximately how much biodiesel(in millions of gallons) did the US consume in 2006?In 2007?
I have been stuck in this problem for a while,what I understand so far is that I have to find the y intercept for the year 2006 and 2007 based on the information from the year 2005 which in that period the US consumed 91million gallons.I have tried doing the rise over run formula setting the m(slope) equals 237 and following the usual y2-y1/x2-x1 it did not seem to work.TO my understanding it has to do with something about exponential growth and decay.Can someone please try to do their best to explain to me how to properly execute this problem.Thank you and I look forward for a reply.
%growth: -12.5 92.9 237 186.6 37.2 -11.7 7.3
a)According to the US Department of Energy,the US consumed 91 million gallons of biodiesel in 2005.Approximately how much biodiesel(in millions of gallons) did the US consume in 2006?In 2007?
I have been stuck in this problem for a while,what I understand so far is that I have to find the y intercept for the year 2006 and 2007 based on the information from the year 2005 which in that period the US consumed 91million gallons.I have tried doing the rise over run formula setting the m(slope) equals 237 and following the usual y2-y1/x2-x1 it did not seem to work.TO my understanding it has to do with something about exponential growth and decay.Can someone please try to do their best to explain to me how to properly execute this problem.Thank you and I look forward for a reply.