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What is the rate of decay, [tex] r [/tex] (expressed as a decimal), for data best modeled by the exponential function [tex] y = 63.4(0.92)^x [/tex]?

A. [tex] r = 36.6 [/tex]
B. [tex] r = 0.92 [/tex]
C. [tex] r = 0.08 [/tex]
D. [tex] r = 63.4 [/tex]

Answer :

To determine the rate of decay, [tex]\( r \)[/tex], for the given exponential function [tex]\( y = 63.4(0.92)^x \)[/tex], we need to understand how exponential functions express growth or decay.

In the function [tex]\( y = a(b)^x \)[/tex]:

- [tex]\( a \)[/tex] is the initial value (in this case, 63.4).
- [tex]\( b \)[/tex] is the base of the exponential function.

When [tex]\( b \)[/tex] is less than 1, the function represents exponential decay. The rate of decay is determined by how much less than 1 the base [tex]\( b \)[/tex] is.

For the function [tex]\( y = 63.4(0.92)^x \)[/tex]:

1. The base [tex]\( b \)[/tex] is 0.92.
2. Since 0.92 is less than 1, this indicates decay.
3. The rate of decay [tex]\( r \)[/tex] is found by calculating how much more is needed to reach 1, which is [tex]\( 1 - 0.92 \)[/tex].

Therefore, the rate of decay [tex]\( r \)[/tex] is:

[tex]\[ r = 1 - 0.92 = 0.08 \][/tex]

The correct answer is [tex]\( r = 0.08 \)[/tex].

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