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Interpreting Parameters in Linear/Exponential Models Practice Test
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Q1
A phone's value depreciates over time according to $V(t)=900(0.85)^t$, where $V$ is in dollars and $t$ is time in years. In the function $V(t)=900(0.85)^t$, interpret the parameter 900.
A phone's value depreciates over time according to $V(t)=900(0.85)^t$, where $V$ is in dollars and $t$ is time in years. In the function $V(t)=900(0.85)^t$, interpret the parameter 900.