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Business The annual average natural gas price (in dollars per million BTUs) can be approximated by the...

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Basic Math

Business

The annual average natural gas price (in dollars per millionBTUs) can be approximated by the function
h(x) =69.54e?0.264x

where x = 8 corresponds to the year 2008.

(Data from: Energy Information Administration.)

(a) What was the average price per million BTUs in the year2010?

(b) According to the model, in what year did the average priceper million BTUs hit $3.00?

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Answer The annual average natural gas price in dollars per millionBTUs    See Answer
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