Question: Lumyn Electronics is now using social networking to expand their reputation and reach new potential customers. The company has found that the number N of

Lumyn Electronics is now using social networking to expand their reputation and reach new potential customers. The company has found that the number N of new potential customers in their 12,000 people community that have heard of their company can be modeled by the equation

N = 12,000(1 - e^-0.0008t)

where t is the number of days elapsed since starting using social networking. How long will it take for 100 new potential customers to have heard of the company?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Himple Retail Fixed Asset Rollforward 12/31/2024 BOOK BASIS DEPR COST 2022 2023 2024 ACCUM NET BOOK ASSET IN SERVICE METHOD LIFE BASIS DEPR DEPR DEPR DEPR VALUE CASH REGISTER 8/15/2022 SL 5 9,500.00...

Lumyn Electronics is now using social networking to expand their reputation and reach new potential customers. The company has found that the number N of new potential customers in their 12,000...

1 Running Header: TECHNOLOGICAL CHANGES Technological Changes POL2000 - Globalization Introduction It is simply amazing how technology has reshaped the way we live, think, and work in the world...

Papa John's International, Inc.: Its Strategy in the Pizza Restaurant Industry A. J. Strickland The University of Alabama Christopher Harrington, MBA 2013 The University of Alabama Joyce Meyer The...

hii expert based on below assignment pls make the ppt of it. I'm posting the sample above QUALITY CONITROL QUALITY CONTROL parti3. Bathroom Cleanina ing - Customer satisfaction: For measuring...

Our product is a new idea that will make drivers' life easier. As we all know, every driver is exposed to a danger of having a tire explosion or losing pressure due to some roads' damages, falling...

For some years now, you've owned a small specialty bookshop in a college town. You sell some textbooks but mainly cater to a broader customer base. Your store always stocks the latest fiction,...

since they foster goodwill among the general public. Activities like media outreach, influencer marketing, and event participation are all part of public relations. We would create a media strategy...

With Tonya being Josh's direct boss, what is her role and how much of the success of failure of bringing innovative ideas via Josh's team into the company is on her shoulders? MINILAUD Innovation at...

4 1 . Which email marketing metric is most relevant for measuring how well an email's content resonates with its recipients? 1 point a ) Click - through rate ( CTR ) b ) Bounce rate c ) Open rate d )...

Read the paragraph and image to answer the question. Question 1. How can Josh win support for his teams three-point plan to use technology to help IFG reach its customers? Prepare a detailed plan and...

In the Camry focus group analysis in this chapter, we used a regression to estimate the demand for Camrys. Using that equation, how many fewer Camrys would the focus group buy if the price were...

Why do internal controls provide reasonable but not absolute assurance that control objectives are met?

The following informat n apples to the questions isplayed below. ] nanc 1 ag ( BSLAt the beginning ot 2 0 1 , Mackiemore Corporation s consideringial data tor 2 0 1 0 and its projections for 2 0 1 1...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...