The correct statements regarding the exponential function
An exponential function is modeled by:
[tex]y = ab^x[/tex]
In which:
For this problem, we have that when x = 0, y = 1000, hence the y-intercept is of (0,a) = (0,1000), and:
[tex]y = 1000b^x[/tex]
When x = 2, y = 722.5, hence we use it to find b, as follows:
1000b² = 722.5
b² = 0.7225
b = sqrt(0.7225)
b = 0.85.
Hence the equation is:
[tex]y = 1000(0.85)^x[/tex]
The asymptote is at y = 0, hence the function is positive in the entire domain, and the and the domain is x ≥ 0 to represent the number of years after the bedroom furniture was purchased, as in these problems time is non-negative.
More can be learned about exponential functions at https://brainly.com/question/25537936
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