Using a geometric sequence, it is found that the correct statement is given by:
The graph has an initial value of 60, and each successive term is determined by multiplying by 1/3.
What is a geometric sequence?
A geometric sequence is a sequence in which the result of the division of consecutive terms is always the same, called common ratio q.
The nth term of a geometric sequence is given by:
\(a_n = a_1q^{n-1}\)
In which \(a_1\) is the first term.
In this problem, the first term is of \(a_1 = 60\) and the common ratio is of \(q = \frac{1}{3}\), hence the correct option is:
The graph has an initial value of 60, and each successive term is determined by multiplying by 1/3.
More can be learned about geometric sequences at https://brainly.com/question/11847927
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