anonymous
  • anonymous
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.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
Do you know how to use exponents, e.g. 2^3?
anonymous
  • anonymous
yes..
anonymous
  • anonymous
What's the equation for the amount of money that the person gets on Day X?

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More answers

anonymous
  • anonymous
...?
anonymous
  • anonymous
Each day that goes by he gets 4 times as much money as the last one. So that looks like an exponential function, rigth?
anonymous
  • anonymous
What exponential function gives you f(0) = 1, f(1) = 4, f(2) = 16?
anonymous
  • anonymous
2
anonymous
  • anonymous
It has to have an X in it to represent the day number
anonymous
  • anonymous
2^x
anonymous
  • anonymous
if x=1, what's 2^x? What about if x=2?
anonymous
  • anonymous
if x=1then2^x is 2, if x=2 then 2^x = 4
anonymous
  • anonymous
ok, that doesn't seem right then, right? We wanted when x=1, it's 1, and when x=2, it's 4
anonymous
  • anonymous
so try again, can you think of a function that goes up by a factor of 4 each time?
anonymous
  • anonymous
4
anonymous
  • anonymous
4? You need an X for it to be a function

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