08.02.2020

What type of function best models the data?

The sales team has noticed that the daily unit sales are decreasing and has decided to stop production of the light-up spinner once daily unit sales fall to 1,500 or below. A company founder has asked Marco if he thinks the light-up spinner will continue to be in production after 100 days on the market. What should Marco's response be? Show the mathematical justification for your answer.

. 1

Step-by-step answer

18.08.2023, solved by verified expert
Unlock the full answer

Answer:

Answer is explained below:

Step-by-step explanation:

To model the decreasing daily unit sales, an exponential decay function might be appropriate. The function takes the form:

f(x)=a×e^(bx) 

where x represents the number of days on the market, a is the initial sales value, and b is a positive constant determining the rate of decay.

If Marco has the data for the initial sales and the rate of decay, he can plug in x=100 into the equation and see if the result is above or below 1,500 units. If it's below, he can conclude whether the production should be stopped or not.

It is was helpful?

Faq

Mathematics
Step-by-step answer
P Answered by PhD

The solution is given in the image below

The solution is given in the image below
Mathematics
Step-by-step answer
P Answered by PhD

Speed=Distance/time

Here,

distance=15m

time=1sec

speed=15/1=15m/sec

Distance=Speed*time

time=15min=15*60sec=900sec

Distance travelled in 15 min=15*900=13,500m

=13500/1000 km=13.5Km

Mathematics
Step-by-step answer
P Answered by PhD

The wood before starting =12 feet

Left wood=6 feet

Wood used till now=12-6=6 feet

Picture frame built till now= 6/(3/4)

=8 pieces

Therefore, till now 8 pieces have been made.

Mathematics
Step-by-step answer
P Answered by PhD

The answer is in the image 

The answer is in the image 
Mathematics
Step-by-step answer
P Answered by PhD

30% of 420 are first year students

first year students = (30/100 )*420

=126 students

Student who are not in first year = 420-126

=294 students  

Mathematics
Step-by-step answer
P Answered by PhD

Let the father's age be x and son's be y

10 years before-

Father age=x-10

sons age=y-10

Given,

x-10=10(y-10)

x-10=10y-100

Given present age of father=40

therefore,

x=40

40-10=10y-100

10y-100=30

10y=130

y=130/10

y=13

Therefore present age of son=13years

Mathematics
Step-by-step answer
P Answered by PhD

Cost before sale tax=$46.00

Cost after including tax=$48.76

Sale tax=$48.76-46.00

=$2.76

we know,

sale tax=((sales tax rate)/100) * cost before sale tax

2.76=((sales tax rate)/100) *46.00

sale tax rate=(2.76*100)/46

                   =276/46

                    =6%

There fore sales tax rate=6%

Mathematics
Step-by-step answer
P Answered by PhD

Cost of 6 gallons =$15

Cost of 1 gallon =15/6

                           =$2.5

Cost of 7 gallons=$2.5 * 7

                           =$17.5

Mathematics
Step-by-step answer
P Answered by PhD

We can put the numbers in ascending order-

36, 38, 39, 39, 40, 47, 48, 51

Range=max-min

          =51-36

          =15

Mathematics
Step-by-step answer
P Answered by PhD

There are 6 outcomes 1,2,3,4,5,6

Total outcomes = 6

Outcomes when rolling a number is 4 or less = 1,2,3,4

Total outcome when rolling a number is 4 or less=4

Probability = required outcome/total outcome

                 =4/6

                 =2/3

Therefore probability = 2/3

Try asking the Studen AI a question.

It will provide an instant answer!

FREE