Math Problem Statement
Solution
Let's analyze the exponential function given in the problem:
The function is:
This function indicates an exponential decay model, where the base is less than 1, showing that the price decreases over time.
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Initial Price: The initial price before any adjustments (when ) is found by substituting into the function: So, the initial price is $320 (Answer: B for question 2).
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Price Change: Since the base of the exponent is less than 1, the price is decreasing (Answer: B for question 3).
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Rate of Change: The rate of change each week is since represents a decrease of each week (Answer: A for question 4).
Final Answers:
- Question 2: $320
- Question 3: decreases
- Question 4: 10%
Would you like further details on any of these answers?
Here are some related questions for deeper understanding:
- How would the function change if the price increased each week?
- What would be the price after 5 weeks with this model?
- How would a 20% weekly decrease affect the initial model?
- If the initial price was different, how would it affect the function?
- What is the impact of exponential decay in real-world pricing?
Tip: In exponential decay, a base between 0 and 1 indicates a decrease, while a base greater than 1 indicates an increase.
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Math Problem Analysis
Mathematical Concepts
Exponential Decay
Algebra
Exponential Functions
Formulas
f(x) = a(b)^x
Exponential Decay Formula
Theorems
Properties of Exponential Functions
Suitable Grade Level
Grades 9-11