A company begins a radio advertising campaign in NYC to market a new video game. The percentage of the target marker that buys a game is generally a function of the length of the advertising campaign. The estimated percentage is give by
f(x)= 100(1-e^(-0.04t))
a) Find the percentage of the target market that has bought the product after a 25 day advertising campaign.
I found this to be 63.2%, let me know if I'm wrong.
b) After how long will 90% of the target market have bought the product? Round to the nearest day.
Help with part b please? Thank you!:)
Copyright © 2024 Q2A.ES - All rights reserved.
Answers & Comments
Verified answer
f(x)= 100(1-e^(-0.04t))
-----------------------------
f(t) = 100(1- e^(- 0.04t))
f(t) = 90
90 = 100(1- e^(- 0.04t))
0.9 = 1 - e^( - 0.04t)
e^( - 0.04t) = 0.1
- 0.04t = ln (0.1)
t = ln (0.1) / ( - 0,04)
--------------------------
Hope this helps!