We are given an exponential model of the form P(x)=a(b)x and two values:
- P(0)=14.7
- P(1)=12.054
Step 1: Use P(0) to find a. Since b0=1, a = P(0) = 14.7.
Step 2: Use P(1) to find b. P(1)=a·b = 14.7·b = 12.054, so
b = 12.054 / 14.7 = 0.82 (exact).
Therefore the model is:
P(x) = 14.7(0.82)x
Check: 14.7·0.82 = 12.054, which matches P(1).