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The Average Monthly Sales yy (In Billions of Dollars) in Retail Trade in the United

question 70

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The average monthly sales yy (in billions of dollars) in retail trade in the United States from 1996 to 2005 can be approximated by the model y=22+117lnt,y = 22 + 117 \ln t, 6t156 \leq t \leq 15 where tt represents the year, with t=6t = 6 corresponding to 1996. Estimate the year in which the average monthly sales first exceeded $310 billion.

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Definitions:

Creative

Possessing the ability or skill to create new and original ideas, products, or solutions.

Supportive

Providing assistance, encouragement, or comfort, often during times of need or stress.

Fear of the Unknown

An anxiety or apprehension felt towards something that is unfamiliar or unknown, often leading to avoidance behavior.

Family Restaurant

A dining establishment that offers menus and an environment suitable for all ages, often emphasizing family-friendly service.

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