The yearly capita consumption of whole milk in the US reached a peak of 40 gallons in 1945. It has been steadily decreasing at a rate of about 2.8% per year. How do you find an exponential model M(t) for capita whole milk consumption?
1 Answer
Aug 5, 2016
Exponential model does not befit this problem .Since, 1945, the model for consumption is
Explanation:
Exponential fit is for growth/decay problems, wherein the rate of
growth/decay is tending to
So rate of growth/decay is increasing, with respect to time.
Here, the rate is said to b steady.
M'=-2.8%=-(0.126)(40)=-1.12 gallom /year.
integrating,
M becomes 0, when t =40/1.12 = 35.7... years.