Problem

At the end of an advertising campaign, weekly sales amounted to $\$ 19,000$ and then decreased by $8 \%$ each week after the end of the campaign. a. Write the equation of the exponential function that models the weekly sales. b. Find the sales 7 weeks after the end of the advertising campaign. a. What is the equation for the retail price? \[ \begin{array}{l} y=19,000(9)^{x} \\ y=19,000(1.08)^{x} \\ y=19,000(0.92)^{x} \end{array} \] b. Find the sales 7 weeks after the end of the advertising campaign. (Do not round until the final answer. Then round to the nearest dollar as needed)

Solution

Step 1 :Translate the problem into an exponential decay function. The general form of an exponential function is \(y = ab^x\), where \(a\) is the initial amount, \(b\) is the growth/decay factor, and \(x\) is the time. In this case, \(a = 19000\), \(b = 1 - 0.08 = 0.92\) (because the sales decrease by 8% each week), and \(x\) is the number of weeks after the end of the campaign.

Step 2 :Substitute \(x = 7\) into the equation to find the sales 7 weeks after the end of the campaign.

Step 3 :Calculate the sales 7 weeks after the end of the campaign using the equation \(y = 19000 imes (0.92)^7\).

Step 4 :Final Answer: a. The equation of the exponential function that models the weekly sales is \(y = 19000 imes (0.92)^x\) b. The sales 7 weeks after the end of the advertising campaign is \(\boxed{10599}\) dollars.

From Solvely APP
Source: https://solvelyapp.com/problems/Kml2xa4hWv/

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