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Question
Personal consumption expenditures (in billions of dollars) for several types of recreation from 2012 through 2017 are shown in the table, where is the expenditures on amusement parks and campgrounds, is the expenditures on live entertainment (excluding sports), and is the expenditures on spectator sports.
Year | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
---|---|---|---|---|---|---|
x | 44.3 | 46.8 | 49.8 | 54.2 | 57.9 | 61.9 |
y | 24.9 | 24.8 | 26.5 | 28.9 | 30.7 | 32.6 |
z | 20.9 | 22.1 | 23.2 | 23.1 | 24.2 | 26.1 |
A model for the data is given by
z = 0.54x - 0.6y + 11.98
Find and .
Solution
VerifiedAnswered 10 months ago
Answered 10 months ago
Step 1
1 of 4This is the first part of a two-part exercise, in which, based on collected data, we are given a model for , expenditures on spectator sports, which is interpreted as a function of two variables:
- , expenditures on amusement parks and campgrounds,
- , expenditures on live entertainment excluding sports.
The model is
Our job here is to find the two first partial derivatives, and .
How are partial derivatives calculated?
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