The number of daily visitors to the theme park is growing exponentially, but at a decreasing rate. An exponential decay function best models this growth pattern.
The table provides information about the average number of daily visitors to a theme park over a 7-year period. To determine the type of function that best models the growth of the number of daily visitors, we need to analyze the data and look for patterns.
By examining the data, we can observe that the number of daily visitors is increasing significantly each year. For example, in Year 1, there were 1000 visitors, while in Year 7, there were 21956 visitors. This indicates that the growth is not linear but rather exponential.
To confirm this, let's calculate the growth rate between consecutive years:
- From Year 1 to Year 2, the growth rate is (2195-1000)/1000 ≈ 1.195.
- From Year 2 to Year 3, the growth rate is (4097-2195)/2195 ≈ 0.866.
- From Year 3 to Year 4, the growth rate is (6861-4097)/4097 ≈ 0.676.
- From Year 4 to Year 5, the growth rate is (10651-6861)/6861 ≈ 0.552.
- From Year 5 to Year 6, the growth rate is (15627-10651)/10651 ≈ 0.468.
- From Year 6 to Year 7, the growth rate is (21956-15627)/15627 ≈ 0.406.
As we can see, the growth rate is decreasing over time, but it is still positive. This suggests that the number of daily visitors is growing exponentially, but at a decreasing rate.
Therefore, the type of function that best models how the number of daily visitors is growing is an exponential function. Specifically, it appears to be an exponential decay function, where the growth rate is decreasing over time.