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27 votes
Find the growth factor from the following model y = 575(1.93)4.
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User Ginette
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1 Answer

22 votes
22 votes

Given:

Consider the exponential model is:


y=575(1.93)^x

To find:

The growth factor.

Solution:

The general form of an exponential model is:


y=ab^x ...(i)

Where, a is the initial value and b is the growth factor.

We have,


y=575(1.93)^x ...(ii)

On comparing (i) and (ii), we get


a=575


b=1.93

Therefore, the growth factor is 1.93.

User CarlosJavier
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2.8k points