Chapter 7, Problem 2CR

To determine

To complete: the given statement.

Answer to Problem 2CR

For a function $y=a\cdot b^x$ , where $a>0$ and $b>1$ , $b$ is the growth factor.

Explanation of Solution

Given information:

Given statement,

For a function $y=a\cdot b^x$ , where $a>0$ and $b>1$ , $b$ is the ---.

Calculation:

Exponential growth is modeled by an exponential function.

  $y=a\cdot b^x$ , where $a>0$ and $b>1$ . Where the base $b$ is called growth factor, which equals 1 plus the percent rate of change expressed as a decimal.

For a function $y=a\cdot b^x$ , where $a>0$ and $b>1$ , $b$ is the growth factor.