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Discuss the rate of bank failures

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Reference no: EM131560477

Question: RATE OF BANK FAILURES The rate at which banks were failing between 1982 and 1994 is given by

f(T) = -0.063447t4 - 1.953283t3 + 14.632576t2 - 6.684704t + 47.458874        (0 ≤ t ≤ 12)

where f(t) is measured in the number of banks/year and t is measured in years, with t = 0 corresponding to the beginning of 1982. Compute f (6) and interpret your results.

Reference no: EM131560477

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