product determines that P percent of the potential market is aware of the product t weeks after the advertising campaign begins. (a) What happens to the percent of people who are aware of the product in the long run? As time passes, the percent of people aware of the product approaches approximately____%. (b) What happens to the rate of change of the percent of people who are aware of the product in the long run? As time passes, the rate of change of the percent of people
product determines that P percent of the potential market is aware of the product t weeks after the advertising campaign begins. (a) What happens to the percent of people who are aware of the product in the long run? As time passes, the percent of people aware of the product approaches approximately____%. (b) What happens to the rate of change of the percent of people who are aware of the product in the long run? As time passes, the rate of change of the percent of people
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 41A
Related questions
Question
The advertising manager for a new product determines that P percent of the potential market is aware of the product t weeks after the advertising campaign begins.
(a) What happens to the percent of people who are aware of the product in the long run?
As time passes, the percent of people aware of the product approaches approximately____%.
(b) What happens to the rate of change of the percent of people who are aware of the product in the long run?
As time passes, the rate of change of the percent of people aware of the product approaches ____%.
Transcribed Image Text:The advertising manager for a new product determines that P percent of the potential market is aware of the product t weeks after the advertising
campaign begins.
Market Awareness
100
90
80
70
60
50
40
30
20
10
10
20
30
40
50
60
Weeks
(a)
What happens to the percent of people who are aware of the product in the long run?
As time passes, the percent of people aware of the product approaches approximately 95
%.
(b)
What happens to the rate of change of the percent of people who are aware of the product in the long run?
As time passes, the rate of change of the percent of people aware of the product approaches 8
X %/week.
Percent
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