(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)Table 2: Luxury Sedan's ValuexValue ($)123,125219,050315,625411,87559,45067,125A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?V(x) = 30363.30240.7897x Your answer cannot be understood or graded. More InformationB. What is r2?r2 = 0.9953 C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)The purchase price of the vehicle after 10 years will be $ 2863.98 .D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)The luxury sedan should be about 4 years old.(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)Table 2: Luxury Sedan's ValuexValue ($)123,125219,050315,625411,87559,45067,125A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?V(x) = 30363.30240.7897x Your answer cannot be understood or graded. More InformationB. What is r2?r2 = 0.9953 C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)The purchase price of the vehicle after 10 years will be $ 2863.98 .D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)The luxury sedan should be about 4 years old.(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)Table 2: Luxury Sedan's ValuexValue ($)123,125219,050315,625411,87559,45067,125A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?V(x) = 30363.30240.7897^x (this answer is wrong) Your answer cannot be understood or graded. More InformationB. What is r2?r2 = 0.9953 (this one is right) C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)The purchase price of the vehicle after 10 years will be $ 2863.98(this answer is wrong) .D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)The luxury sedan should be about 4 (this one is right).

Note that I used R software for calculations. Since B and D are right, I'll answer only A and C.

Answered: A. What exponential equation, V(x) best…

MATLAB: An Introduction with Applications

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Author:Amos Gilat

Publisher:Amos Gilat

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Question

(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)

Table 2: Luxury Sedan's Value

x	Value ($)
1	23,125
2	19,050
3	15,625
4	11,875
5	9,450
6	7,125

A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?
V(x) =

30363.30240.7897x

Your answer cannot be understood or graded. More Information

B. What is r²?
r² =

0.9953

C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)
The purchase price of the vehicle after 10 years will be $

2863.98

.

D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)
The luxury sedan should be about

years old.(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)

Table 2: Luxury Sedan's Value

x	Value ($)
1	23,125
2	19,050
3	15,625
4	11,875
5	9,450
6	7,125

A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?
V(x) =

30363.30240.7897x

Your answer cannot be understood or graded. More Information

B. What is r²?
r² =

0.9953

C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)
The purchase price of the vehicle after 10 years will be $

2863.98

.

D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)
The luxury sedan should be about

years old.(Depreciation). Table 2 gives the market value of a luxury sedan (in dollars) x years after its purchase. (Use 4 decimal places in all answers.)

Table 2: Luxury Sedan's Value

x	Value ($)
1	23,125
2	19,050
3	15,625
4	11,875
5	9,450
6	7,125

A. What exponential equation, V(x) best fits the data, where x is the number of years after purchase and V(x) is value of the vehicle after x years?
V(x) =

30363.30240.7897^x (this answer is wrong)

Your answer cannot be understood or graded. More Information

B. What is r²?
r² =

0.9953 (this one is right)

C. Use the equation to estimate the purchase price of the vehicle and the value of the vehicle after 10 years. (Round to the nearest cent.)
The purchase price of the vehicle after 10 years will be $

2863.98(this answer is wrong)

.

D. Use the equation to estimate how old a luxury sedan valued at $12,000 is. (Round to the nearest year.)
The luxury sedan should be about

4 (this one is right).

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