Question
Metro Department Store found that t weeks after the end of a sales promotion the volume of sales was given by S(t) = B +
Metro Department Store found that t weeks after the end of a sales promotion the volume of sales was given by S(t) = B + Ae−kt (0 ≤ t ≤ 4) where B = 49,000 and is equal to the average weekly volume of sales before the promotion. The sales volumes at the end of the first and third weeks were $83,930 and $67,150, respectively. Assume that the sales volume is decreasing exponentially. (a) Find the decay constant k. (Round your answer to five decimal places.) k = (b) Find the sales volume at the end of the fourth week. (Round your answer to the nearest whole number.)
Step by Step Solution
3.32 Rating (167 Votes )
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
Students also viewed these Mathematics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App