Math Problem Statement
The function S = 50,000e−0.2x models sales decay for a given product. The variable S represents the monthly sales and the variable x represents the number of months that have passed since the promotional campaign ended. If 9 months have passed since the promotional campaign ended, then x =
Incorrect: Your answer is incorrect. can be substituted into the given function to compute the sales, S, for this product at this point in time.
Substitute this x-value in and simplify the exponent for e. S = 50,000e−0.2x
= 50,000e
Incorrect: Your answer is incorrect.
Since S is measured in dollars, round the answer to the nearest cent (hundredth). Nine months after the promotional campaign ends, the sales are predicted to be $
Incorrect: Your answer is incorrect. .
Solution
We are given the function , where represents the sales and represents the number of months that have passed since the promotional campaign ended. We are tasked with finding when months.
Step 1: Substitute into the equation.
Simplify the exponent:
Step 2: Approximate .
Using a calculator or approximation:
Step 3: Multiply by 50,000.
Now calculate the sales:
Final Answer:
The predicted sales after 9 months are approximately $8,264.90.
Would you like more details on any step, or have any questions?
Relative Questions:
- What does the function suggest about the long-term sales trend?
- How does the decay constant, , affect the sales over time?
- What are some methods to calculate the value of without a calculator?
- Can the function be modified to model a different product with a slower decay rate?
- What would sales be after 12 months using the same model?
Tip:
When dealing with exponential decay, always check the units of the decay constant to understand the time scale of the process.
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Math Problem Analysis
Mathematical Concepts
Exponential Decay
Algebra
Sales Decay Modeling
Formulas
S = 50,000e^{-0.2x}
Exponential decay formula S = S_0 * e^{-kx}
Theorems
Properties of Exponential Functions
Suitable Grade Level
Grades 10-12
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