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Lv 5
? asked in Education & ReferenceHomework Help · 7 years ago

Need help making an exponential model?

When a company had 1000 employees, it quit hiring new people and started laying off 1/7 of its workers every 3 years.

1. Find the one year decay factor that is equivalent to your 3 year decay factor. Give your answer accurate to 6 significant digits

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  • Bryce
    Lv 7
    7 years ago

    1/7≈0.142857

    1-0.142857=0.857143

    0.857143^(1/3)≈0.949914

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