Suppose that you ask three friends to go to the mall. each one has a 0.80 chance of saying yes. what is the probability that all
2 answers:
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Answer:
The exponential growth model is given by this general expression:
And the exponential model decay model is given by:
Where a the initial amount r the growth factor of rate anf t the time.
The reason with we need to add 1+r in the base of the model is because each period of time we have an increase of the initial amount by a factor of (1+r) so after n periods we will have (1+r)^n times the initial amount.
Step-by-step explanation:
In general an exponential model is given by this formula:
Where:
a = the constant, b = the base and x x the exponent.
The exponential growth model is given by this general expression:
And the exponential model decay model is given by:
Where a the initial amount r the growth factor of rate anf t the time.
The reason with we need to add 1+r in the base of the model is because each period of time we have an increase of the initial amount by a factor of (1+r) so after n periods we will have (1+r)^n times the initial amount.