Explanation:
An exponential function is represented by function,
![y = a * {b}^(x)](https://img.qammunity.org/2023/formulas/mathematics/high-school/mwstr6f72p72pgi8s424mp8xpxri2t61et.png)
Where a is the y intercept and b is the growth factor.
The graph passes through (0,1) which is our y intercept so a=1
Know let find b.
The graph pass through (1,3) so plug in 1 for x and 3 for y.
![3 = a * 3 {}^(1)](https://img.qammunity.org/2023/formulas/mathematics/college/6397ghssqy2bje3jfkh48l5yrr1qin7yeh.png)
![a = 1](https://img.qammunity.org/2023/formulas/mathematics/high-school/swkpr8nr8rm9o14xh76l92t0uk6maw9gtz.png)
So our base function is
![y = 1 * 3 {}^(x)](https://img.qammunity.org/2023/formulas/mathematics/college/rsojgdaps9c7zd71kol70mzv7cghci5old.png)
In order for this function to shrink, we must shift the y intercept such that it is less than 1 but greater than -1.
So the only option is
![y = (1)/(2) (3) {}^(x)](https://img.qammunity.org/2023/formulas/mathematics/college/dvxft8p1uqxitltbl2n61vvz4odd9o4t97.png)
Because 1/2<1