7. The table below shows the value of an investment during certain years. Which model would best fit this data: quadratic, cubic, or quartic? Use the model to write a best-fit equation, then estimate the value of the investment in 2022. Year Value ($) 2002 2005 2008 2011 2014 1,200 1,895 2,399 2,781 3,500

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.4: Scatter Plots And Line Of Fit
Problem 3GP
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7. The table below shows the value of an investment during certain years. Which model would best
fit this data: quadratic, cubic, or quartic? Use the model to write a best-fit equation, then
estimate the value of the investment in 2022.
Year Value ($)
2002
2005
2008
2011
2014
1,200
1,895
2,399
2,781
3,500
Transcribed Image Text:7. The table below shows the value of an investment during certain years. Which model would best fit this data: quadratic, cubic, or quartic? Use the model to write a best-fit equation, then estimate the value of the investment in 2022. Year Value ($) 2002 2005 2008 2011 2014 1,200 1,895 2,399 2,781 3,500
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