SOLUTION: Would a manufacturer be pleased or unhappy if sales of a product grew logarithmically? Why? Is this a trick question?
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Question 1029156
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Would a manufacturer be pleased or unhappy if sales of a product grew logarithmically? Why?
Is this a trick question?
Answer by
josgarithmetic(39630)
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Depends on how the model follows the data.
The size of A would be important for the feeling in the manufacturer.
Consider the graph.
If A=0.25, b=10
If A=2, b=10