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We have been given that Jackson purchases a new car for $48,000. The car's value can be modeled by the following exponential function: where y represents the car's value and t represents time in years. We are asked to find the decay rate as a percentage.
We know that an exponential decay function is in form , where,
y = Final value,
a = Initial value,
r = Decay rate in decimal form,
x = time.
Upon comparing our given function with standard decay function
, we can see that
.
Let us solve for r.
Let us convert 0.24 into percentage.
Therefore, the decay rate is 24%.
Answer:
The probability of the number of starfish dropping below 3 is 0.0463.
Step-by-step explanation:
Let X represent the number of starfish in the tide pool.
X follows a Poisson distribution with mean 6.4.
The formula for Poisson distribution is as follows.
otherwise
We need to find the probability that the number of starfish in the tide pool drops below 3.
Therefore, the required probability is:
P(X < 3) = P(X = 0) + P(X = 1) + P(X=2)
P(X < 3) = 0.00166 + 0.01063 + 0.03403
P (X < 3) = 0.0463