Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
If an exponential function is in the form of y = a(b)ˣ,
a = Initial quantity
b = Growth factor
x = Duration
Condition for exponential growth → b > 1
Condition for exponential decay → 0 < b < 1
Now we ca apply this condition in the given functions,
1). 
Here, (1 + 0.45) = 1.45 > 1
Therefore, It's an exponential growth.
2). 
Here, (0.85) is between 0 and 1,
Therefore, it's an exponential decay.
3). y = (1 - 0.03)ˣ + 4
Here, (1 - 0.03) = 0.97
And 0 < 0.97 < 1
Therefore, It's an exponential decay.
4). y = 0.5(1.2)ˣ + 2
Here, 1.2 > 1
Therefore, it's an exponential growth.
Answer:
about $145.33
Step-by-step explanation:
Consider a group of 15 customers. They will pay ...
15 × $258 = $3870
in premiums each year.
One-third of those, 5 customers, will submit claims for fillings, so will cost the insurance company ...
5 × $110 = $550
And 80% of them, 12 customers, will submit claims for preventive check-ups, so will cost the company ...
12 × $95 = $1140
The net income from these 15 customers will be ...
$3870 -550 -1140 = $2180
Then the average income per customer is this value divided by the 15 customers in the group:
$2180/15 = $145.33
_____
<em>Alternate solution</em>
Above, we chose a number of customers that made 1/3 of them and 4/5 of them be whole numbers. You can also work with one premium and the probability of a claim:
258 - (1/3)·110 - 0.80·95 = 145.33
Answer:
b
Step-by-step explanation:
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