Final answer:
The correct model among the given options is the exponential model: y = 54.97(0.71)^x.
Step-by-step explanation:
The correct model among the given options is the exponential model: y = 54.97(0.71)x.
This is because the exponential model has the form y = abx, where a and b are constants. In this model, the base b is less than 1, indicating exponential decay.
For example, if we substitute x = 2 into the equation, we get y = 54.97(0.71)2.