Determine Whether the Growth (Or Decay)is Linear or Exponential, and Answer

question 56

Multiple Choice

Determine whether the growth (or decay) is linear or exponential, and answer the associated question.
-The value of your car is decreasing by 12% per year. If the car is worth $9749 today, what will it be worth in two years?

• A) Exponential; \(\$ 8614.22\)
• B) Linear; \(\$ 10,918.88\)
• C) Linear; \$12,088.76
• D) Exponential; \(\$ 7549.63\)

---

Definitions:

Test Statistic

A value calculated from sample data used to determine whether to reject the null hypothesis in statistical hypothesis testing.

Arrival Rate

A measure often used in queuing theory indicating the average number of items or people arriving at a system per unit of time.

Expected Frequency

In statistics, it's the number of observations that are theoretically predicted for a category or class within a dataset, based on the probabilities of outcomes.

Business College

A business college is an educational institution that specializes in teaching courses related to business, such as finance, marketing, and management.