Choose the One Alternative That Best Completes the Statement or Answers

question 436

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The logistic growth model $\mathrm { P } ( \mathrm { t } ) = \frac { 1 } { 1 + 6.69 \mathrm { e } ^ { - 0.753 \mathrm { t } } }$ represents the proportion of the total market of a new product as it penetrates the market t years after introduction. When will the product have $65 \%$ of the market?

• A) \(2.95\) years
• B) \(3.35\) years
• C) \(4.35\) years
• D) \(1.95\) years

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Definitions:

Cultural

Pertains to the ideas, customs, social behavior, and artifacts of a particular society, group, or time period.

Economic

Relating to economics or the economy, the study of how societies use resources to produce goods and distribute them among individuals.

Genetic

Pertaining to genes and heredity, influencing the characteristics and traits of an organism.

Retained

The act of keeping or holding onto something, such as information in memory or employees in a company.