Art galleries sell paintings for a wide range of prices, based on popularity of the artwork. Data collected on the sales of paintings were used to calculate the model ŷ = 1.13(1.022)x, where x represents the age of the painting in years and ŷ represents its predicted selling price in thousands of dollars. Predict the selling price for a work that was painted 110 years ago. $12,378,554 $7,554,876 $12,379 $7,555
Art galleries sell paintings for a wide range of prices, based on popularity of the artwork. Data collected on the sales of paintings were used to calculate the model ŷ = 1.13(1.022)x, where x represents the age of the painting in years and ŷ represents its predicted selling price in thousands of dollars. Predict the selling price for a work that was painted 110 years ago. $12,378,554 $7,554,876 $12,379 $7,555
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Art galleries sell paintings for a wide range of prices, based on popularity of the artwork. Data collected on the sales of paintings were used to calculate the model ŷ = 1.13(1.022)x, where x represents the age of the painting in years and ŷ represents its predicted selling price in thousands of dollars. Predict the selling price for a work that was painted 110 years ago.
$12,378,554
$7,554,876
$12,379
$7,555
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