In 2007, Apple's ITunes Music Store Sold 2 Billion Songs

question 10

Short Answer

In 2007, Apple's iTunes music store sold 2 billion songs. The number of iTunes songs purchased (in millions) is shown on the following chart, S(t), where time is measured in days since Apple iTunes sold 1 million songs (March 15, 2003).
A) Estimate
with the appropriate units.
B) Use
to estimate
to 2 decimal places.

• A) Estimate with the appropriate units.
• B) Use to estimate to 2 decimal places.

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Definitions:

Dividends Declared

Profit distributed by a company to its shareholders, typically in the form of cash or additional stock, based on the number of shares owned.

Stock Split

A stock split is an action taken by a company to divide its existing shares into multiple ones to boost the liquidity of the shares, without changing the overall value of shareholders' equity.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested back into the company.