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To determine whether the function \( y = 0.95 \) represents exponential growth or decay, we can analyze the value of the base, which is 0.95 in this case. Here's how you can approach this:
1. **Base Value Analysis:**
- If the base value is between 0 and 1 (exclusive), such as 0.95 in this function, the function represents exponential decay.
- In exponential decay, the function decreases rapidly over time. Each time period, the function's value is multiplied by the base value (0.95 in this case), leading to a diminishing output.
2. **Understanding Exponential Decay:**
- For instance, if you start with a value of 100 and apply the function \( y = 0.95 \) repeatedly, the value will decrease by 5% each time. This continuous decrease characterizes exponential decay.
Therefore, based on the base value of 0.95, the function \( y = 0.95 \) represents exponential decay, as it will lead to a decreasing trend over time rather than growth.
