Related questions with answers
Sales of a product, under relatively stable market conditions but in the absence of promotional activities such as advertising, tend to decline at a constant yearly rate. This rate of sales decline varies considerably from product to product, but it seems to remain the same for any particular product. The sales decline can be expressed by the function , where S(t) is the rate of sales at time t measured in years, is the rate of sales at time t=0, and a is the sales decay constant. (a) Suppose the sales decay constant for a particular product is a=0.10. Let =50.000 and find S(1) and S(3) to the nearest thousand. (b) Find S(2) and S(10) to the nearest thousand if =80.000 and a=0.05.
Solution
VerifiedGiven the function for the sales decline:
where is the rate of sales at time measured in years, is the rate of sales at time , and is the sales delay constant.
For problem , let us substitute into the sales decline function then use this new equation to find and .
For problem , let us substitute into the sales decline function then use this new equation to find and .
Create an account to view solutions
Create an account to view solutions
Recommended textbook solutions


College Algebra and Trigonometry
6th Edition•ISBN: 9780134112527Callie Daniels, David I. Schneider, John Hornsby, Margaret L. Lial

Precalculus: Mathematics for Calculus
7th Edition•ISBN: 9781305071759 (2 more)Lothar Redlin, Stewart, WatsonMore related questions
- physical science
- calculus
- physical science
1/4
- physical science
- calculus
- physical science
1/7