Problem 70
Question
You will use polynomial functions to study real-world problems. The following model gives the supply of wine from France, based on data for the years \(1994-2001:\) \(w(x)=0.0437 x^{4}-0.661 x^{3}+3.00 x^{2}-4.83 x+62.6\) where \(w(x)\) is in kilograms per capita and \(x\) is the number of years since \(1994 .\) (Source: Food and Agriculture Organization of the United Nations) (a) According to this model, what was the per capita wine supply in \(1994 ?\) How close is this value to the actual value of 62.5 kilograms per capita? (b) Use this model to compute the wine supply from France for the years 1996 and \(2000 .\) (c) The actual wine supplies for the years 1996 and 2000 were 60.1 and 54.6 kilograms per capita respectively. How do your calculated values compare with the actual values? (d) Use end behavior to determine if this model will be accurate for long-term predictions.
Step-by-Step Solution
VerifiedKey Concepts
Supply Modeling
- In 1994, \(x = 0\), the model suggests a wine supply of 62.6 kg per capita.
- Small changes in \(x\) let us calculate the predicted supply for other years like 1996, where \(x = 2\), and 2000, where \(x = 6\).
Real-World Applications
- Understanding trends over time, such as whether supply is increasing or decreasing.
- Comparing predicted values with actual historical values to validate the model's accuracy.
- Making short-term predictions based on historical trends.
End Behavior Analysis
- The limitations of a model for long-term forecasting. In our case, predicting indefinitely increased wine supply isn't realistic.
- The importance of using models only within the domain where they have proven accuracy.