Metro DepartmeIt Stor S(t) = B + Ae-kt (0 stS 4) where B = 41,000 and is equal to the average weekly volume of sales before the promotion. The sales volumes at the end of the first and third weeks were $82,050 and $63,400, respectively. Assume that the sales volume is decreasing exponentially. (a) Find the decay constant k. (Round your answer to five decimal places.) k =5761 (b) Find the sales volume at the end of the fourth week. (Round your answer to the nearest whole number.) $ 2666

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.