Lesson 6 Getting Down to Business Solidify Understanding
Make modeling decisions about business plans.
Interpret mathematical models to make business decisions.
Determine which type of function grows faster and make arguments about why.
Which type of function increases faster—linear or exponential?
Which model is best for a given situation, discrete or continuous?
How can mathematical models help to make business decisions?
Open Up the Math: Launch, Explore, Discuss
Calcu-rama had a net income of
Create standard mathematical models (table, graph, and equations) for the projected net income over time for both companies.
Compare the two companies.
If both companies were able to meet their net income growth goals, which company would you choose to invest in? Why?
When, if ever, would your projections suggest that the two companies have the same net income? How did you find this? Will they ever have the same net income again?
Since we are creating the models for these companies, we can choose to have a discrete model or a continuous model. What are the advantages or disadvantages for each type of model?
Write the domain of each function, based on your model.
Ready for More?
In this task, we compared a linear and an exponential function and found that the exponential function was greater for large values of
Can you find a linear function that exceeds an increasing exponential function for very large values of
It’s not a linear function if:
It’s not an exponential function if:
In this lesson, we modeled the growth of two businesses and made comparisons. We used our representation to find when the two businesses had the same net income and to justify which business was the best investment. We found that exponential functions exceed linear functions for large values of
The first and fourth terms of both an arithmetic and geometric sequence are given. Find the missing values for each sequence.
For problems 2–4, find the equation for the relationship represented.