Question
The yearly per capita consumption of whole milk in the United States has been steadily decreasing since 1970, when 27.4 gallons of whole milk was
The yearly per capita consumption of whole milk in the United States has been steadily decreasing since 1970, when 27.4 gallons of whole milk was consumed per person, at a rate of about 3.9% per year.
1. Create an exponential function of the form to represent the consumption of whole milk as a function of time in years since 1970.
2. Use your equation from 1) above to estimate the whole milk consumption for 2012.
3. Use your equation from 1) above to solve for the exact half-life of whole milk consumption, showing your work.
4. Rewrite your equation from 1) above into the form , showing your work. Then discuss at what rate whole milk is continuously decaying by each year.
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