5. Jerald is Investigating the typlcal depreciation rate for the used automobile he Intends to purchase next month. He has collected the following data about an
5. Jerald is Investigating the typlcal depreciation rate for the used automobile he Intends to purchase next month. He has collected the following data about an
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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B. Determining Exponential Equations.
Jerald is Investigating the typical depreclation rate for the used automoble he
Intends to purchase next month. He has collected the following data about an
automobile purchased In 1999 for $12,500.00:
5.
#Years After
0.
1
3\
5.
1999
Value ($)
12,5000.00
10,750.00
8,000.00
5,800.00
Using Jerald's data, find the best-fit exponential equation for this depreciation,
through both the substitution method and the calculator's regression tool
a.
Substitution Method:
Regression Method:
b.
Use the calculator's regression equation to estimate the depreciated value of
the automobile in 2010:
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