A new car is purchased for $42,000 and over time its value depreciates by one half every 7 years. How long, to the nearest tenth of a year, would it take for the value of the car to be $5, 800?
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
![10, 1:5T:03 PM
Watch help video
A new car is purchased for $42, 000 and over time its value depreciates by one half
every 7 years. How long, to the nearest tenth of a year, would it take for the value of
the car to be $5, 800?
Answer:
Submit Answer
attempt i out of 2
hp](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0249dfe5-1bc7-4325-95b8-93f578d11f21%2F65ee20dd-8954-451c-b27c-393ec48d3cea%2Ff6ahfsl_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
![Basic Technical Mathematics](https://www.bartleby.com/isbn_cover_images/9780134437705/9780134437705_smallCoverImage.gif)
![Topology](https://www.bartleby.com/isbn_cover_images/9780134689517/9780134689517_smallCoverImage.gif)