Metro Department Store found that t weeks after the end of a sales promotion the volume of
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Metro Department Store found that t weeks after the end of a sales promotion the volume of sales was given by S(t) = B + Ae−kt (0 ≤ t ≤ 4) where B = 49,000 and is equal to the average weekly volume of sales before the promotion. The sales volumes at the end of the first and third weeks were $83,930 and $67,150, respectively. Assume that the sales volume is decreasing exponentially. (a) Find the decay constant k. (Round your answer to five decimal places.) k = (b) Find the sales volume at the end of the fourth week. (Round your answer to the nearest whole number.)
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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