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Can someone please help me?? A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, four cents on day 2, 16 cents on day three, and so on until the end of 18 days. Which choice should the lottery winner select? Using complete sentences, explain the procedure taken to answer this question.
 2 years ago
 2 years ago
Can someone please help me?? A lottery winner must decide between two methods of payment. Choice one is to receive a lump sum of $100,000,000. Choice two is to begin with one cent on day 1, four cents on day 2, 16 cents on day three, and so on until the end of 18 days. Which choice should the lottery winner select? Using complete sentences, explain the procedure taken to answer this question.
 2 years ago
 2 years ago

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ktklownBest ResponseYou've already chosen the best response.1
Do you know how to use exponents, e.g. 2^3?
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
What's the equation for the amount of money that the person gets on Day X?
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
Each day that goes by he gets 4 times as much money as the last one. So that looks like an exponential function, rigth?
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
What exponential function gives you f(0) = 1, f(1) = 4, f(2) = 16?
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
It has to have an X in it to represent the day number
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
if x=1, what's 2^x? What about if x=2?
 2 years ago

whatevsBest ResponseYou've already chosen the best response.0
if x=1then2^x is 2, if x=2 then 2^x = 4
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
ok, that doesn't seem right then, right? We wanted when x=1, it's 1, and when x=2, it's 4
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
so try again, can you think of a function that goes up by a factor of 4 each time?
 2 years ago

ktklownBest ResponseYou've already chosen the best response.1
4? You need an X for it to be a function
 2 years ago
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