Exponential model problems

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Reference no: EM1314264

Question: Assume that a number of new homes built, H, in a city over a period of time, t, is graphed on a rectangular coordinate system where time is on the horizontal axis. Assume that the number of homes built can be modeled by an exponential function, H= p * at, where p is the number of new homes built in the first year recorded. If you were a home builder looking for work, would you prefer that the value of a to be between 0 & 1 or larger than 1? Describe your reason.

Reference no: EM1314264

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