Using the following table of a function that models exponential decay, determine the 3-year decay factor (rounded to the nearest thousandth).
A) 0.884
B) 0.275
C) 0.725
D) 0.650
E) 0.116

Question

Using the following table of a function that models exponential decay, determine the 3-year decay factor (rounded to the nearest thousandth). 
A) 0.884 
B) 0.275 
C) 0.725 
D) 0.650 
E) 0.116

Quizplus · Accepted Answer

To find the decay factor, we need to divide the value of the function three years apart:
Decay factor = f(3)/f(0) = 0.067/0.243
Decay factor ≈ 0.276
Therefore, the answer is B (rounded to nearest thousandth).

Using the Following Table of a Function That Models Exponential