Estimate the Range of Values of X for Which the Approximation

question 163

Short Answer

Estimate the range of values of x for which the approximation $\sqrt { x ^ { 2 } + 3 } = 2 + \frac { 1 } { 2 } ( x - 1 ) + \frac { 3 } { 16 } ( x - 1 ) ^ { 2 }$ is accurate to within 0.0002.

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Definitions:

Cost of Understocking

Refers to the lost opportunity and sales a business incurs when it does not have enough inventory to meet demand.

Lost Sale

Occurs when a potential customer does not complete a purchase due to product unavailability or other purchasing barriers.

Inventory

The stock of goods, materials, parts, and finished products that a company holds for the purpose of resale or production.

Forecast Accuracy

The degree to which forecasted values match or are close to the actual realized values.