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Does the equation y = 0.50(1.06)x represent growth or decay?
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In my opinion : it is growth wait for other users to reply also :)
growth because the coefficient of x is greater than 1.
oops, didn't see the .5 being multiplied. it's decay because 1.06 times .5 is less than 1.
Thank you. My next question that goes along with this problem is: Use the equation to predict the price of tickets in the years 2000 (x=50) and 2010 (x=60).
Right, so then you would take your equation and plug in those numbers for x. Presuming that y is the ticket price, once you plug in those numbers for x that will give you your answer.
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I got $921 so I'm a little concerned
if x is 50 then you'll have .5 * 1.06 which is .53 then take that number times 50 which is 26.5
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