Solve the Problem $y = 7900 ( 1.8 ) ^ { - 0.2 t }$

question 125

Multiple Choice

Solve the problem.
-The expected future population of a small town, which currently has 7900 residents, can be approximated by the formula $y = 7900 ( 1.8 ) ^ { - 0.2 t }$ where t is the number of years in the future. Find the expected population of the town 30 years in the future.

• A)2844
• B)7900
• C)232
• D)3

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Definitions:

Product Life Cycle

The evolutionary path a product follows, starting with its market introduction, moving through growth, reaching maturity, and ultimately experiencing decline.

Low-Learning

A situation or condition where minimal learning or skill acquisition occurs, often due to lack of resources, engagement, or inherent interest.

Product Adopters

Individuals who purchase or use a new product early in its life cycle, typically categorized by their willingness to adopt innovations.

Diffusion of Innovation

A theory that describes how, why, and at what rate new ideas and technology spread through cultures, from inception to widespread adoption.