Problem 1
If 0 < b < 1, then we have exponential decay. The curve will decrease downhill as you move from left to right.
If b > 1, then we have exponential growth and the curve goes uphill as we move from left to right.
Examples: y = 2(0.5)^x is exponential decay while y = 2(1.2)^x represents exponential growth.
Note that the base b cannot be negative.
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Problem 2
Plug x = 0 into the general template given
y = a(b)^x
y = a(b)^0
y = a(1)
y = a
Plugging x = 0 leads to the output y = a
Therefore, the point (0,a) is on the curve. This is the y intercept. It's where the curve crosses the y axis. If you change the value of 'a', then you change the y intercept.
Examples:
- y = 2(5)^x has y intercept 2
- y = 3(0.8)^x has y intercept 3