MegaToys has been losing money due to its competition with SuperToys. Managers at MegaToys decided that by reducing the number of employees from 5000 to 3500 MegaToys could save money and still maintain sales levels. In order to avoid firing employees, MegaToys decides to let retirements and resignations go unfilled. Experience tells them that about half of the gap between current level and desired level of employees either retire or leave every twelve months. Model the number of employees at MegaToys over a 50 month period. a What is the decay rate for your model?
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