(See Steps) The online lodging industry is expected to grow dramatically. In a study conducted in 1999, analysts projected the US online travel spending
Question: The online lodging industry is expected to grow dramatically. In a study conducted in 1999, analysts projected the US online travel spending for lodging to be approximately
\[f\left( t \right)=0.157{{t}^{2}}+1.175t+2.03\](for \(0\le t\le 6\) ) in billion dollar, where t is measured in years, with t = 0 corresponding to 1999.
- Show that f is increasing on the interval (0, 6)
- Show that the graph of f is concave upward on (0, 6)
- What do your results from parts (a) and (b) tell you about the growth of online travel spending over the years in question?
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