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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 for the given exponential function [tex]\( y = 63.4(0.92)^x \)[/tex], we need to look at the base of the exponent, which is 0.92.

In an exponential function of the form [tex]\( y = a(b)^x \)[/tex], the value [tex]\( b \)[/tex] represents the growth or decay factor:

- If [tex]\( b > 1 \)[/tex], the function represents exponential growth.
- If [tex]\( 0 < b < 1 \)[/tex], the function represents exponential decay.

Here, the base [tex]\( b = 0.92 \)[/tex], which is less than 1. This indicates that the function is experiencing exponential decay.

The decay rate [tex]\( r \)[/tex] can be found by subtracting the decay factor from 1:

[tex]\[ r = 1 - b \][/tex]

For our function:

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

Thus, the rate of decay [tex]\( r \)[/tex] is [tex]\( 0.08 \)[/tex].

Therefore, the correct answer is:
[tex]\( r = 0.08 \)[/tex]

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