A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 5 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.
anonymous
 5 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.

This Question is Closed

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Do you know how to use exponents, e.g. 2^3?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0What's the equation for the amount of money that the person gets on Day X?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Each day that goes by he gets 4 times as much money as the last one. So that looks like an exponential function, rigth?

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

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0It has to have an X in it to represent the day number

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0if x=1, what's 2^x? What about if x=2?

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

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0ok, that doesn't seem right then, right? We wanted when x=1, it's 1, and when x=2, it's 4

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0so try again, can you think of a function that goes up by a factor of 4 each time?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.04? You need an X for it to be a function
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.