What do exponential functions model in the real world? how does the
standard equation form of the exponential equation change in each
situation?

They model various situations where there is an increasing curve. An example is if you throw a baseball and it curves back down as gravity has more and more of a affect on it. This would be a different equation than if you threw a basketball as the basketball wouldn't go as high but would have about the same downwards acceleration due to gravity.

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.