Question
A) A store is offering a sale on several brands for last year’s model of smartwatch. The price for
each brand of smartwatch will decrease by 5% each week until all the smartwatches are sold. You
want to create a model to predict how long it will take for a smartwatch to reach your target price.
Which model best fits this data? (1 point)
a linear model
no model
a quadratic model
an exponential model
each brand of smartwatch will decrease by 5% each week until all the smartwatches are sold. You
want to create a model to predict how long it will take for a smartwatch to reach your target price.
Which model best fits this data? (1 point)
a linear model
no model
a quadratic model
an exponential model
Answers
GPT-4o mini
The scenario described involves the price of the smartwatch decreasing by a consistent percentage (5%) each week. This indicates a multiplicative decrease, which is characteristic of exponential decay.
Therefore, the model that best fits this data is:
**an exponential model**.
Therefore, the model that best fits this data is:
**an exponential model**.