Question: SALES OF DIGITAL CAMERAS According to projections made in 2004, the worldwide shipments of digital point-and-shoot cameras are expected to grow in accordance with the rule
N(t) = 16.3t0.8766 (1 ≤ t ≤ 6)
where N(t) is measured in millions and t is measured in years, with t 1 corresponding to 2001.
a. How many digital cameras were sold in 2001 (t 1)?
b. How fast were sales increasing in 2001?
c. What were the projected sales in 2005?
d. How fast were the sales projected to grow in 2005?