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Exponential Growth Model Interpretation

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The exponential model y=12.5(1.18)xy = 12.5(1.18)^x represents the average daily cell phone usage in hours, where xx is the number of years since 2010. What does the base, 1.18, indicate about the growth pattern?

A

Growth factor of 118%

B

Usage doubles every 1.18 years

C

18% annual increase

D

1.18 hours added yearly

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