Brandon J. answered 06/28/22
High School Math Teacher
For exponential models, I prefer using the form f(x) = a(b)x. In this form, a is the y-intercept and b is the common ratio, which we need to solve for.
In this problem, a = 241.5 and x = 3 (since 3 years have passed between 2006 and 2009)
234.3 = 241.5(b)3
.97018634 = (b)3
(.97018634)1/3 = b
.98996 = b
D(t) = 241.5(.98996)t
D(28) = 241.5(.98996)28
D(28) = 182.1
Let me know if you have any questions or if you need to see an example with the exponential model in a different form.
Brandon J.
Hi Yefim. Check your work when solving for k. I believe that k = ln(234.3/241.5)/3 = -.010089. That explains why our answers were slightly different.06/28/22