Question: ONLINE BUYERS As use of the Internet grows, so does the number of consumers who shop online. The number of online buyers, as a percent of net users, is expected to be
P(t) = 53t0.12 (1 ≤ t ≤ 7)
where t is measured in years, with t = 1 corresponding to the beginning of 2002.
a. How many online buyers, as a percentage of net users, were there at the beginning of 2007?
b. How fast was the number of online buyers, as a percentage of net users, changing at the beginning of 2007?