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EXAMPLE 2 The value of a computer n years after it was purchased is given by the following table. Number of Years 1 Value ($) 2 3 4 5 6 1200 960 768 614 492 393 a) Enter the data into a table and make a scatter plot b) Construct the following models to represent the data by using a regression, and state the equa a. Linear b. Quadratic c. Exponential c) Determine the value of the computer after 10 years using each one of your models. Linear: 60 Quadratic: Exponential: d) Which of the models represents the data best? Explain e) Using the best fitting model, estimate the original price of the computer.

EXAMPLE 2 The value of a computer n years after it was purchased is given by the following table. Number of Years 1 Value ($) 2 3 4 5 6 1200 960 768 614 492 393 a) Enter the data into a table and make a scatter plot b) Construct the following models to represent the data by using a regression, and state the equa a. Linear b. Quadratic c. Exponential c) Determine the value of the computer after 10 years using each one of your models. Linear: 60 Quadratic: Exponential: d) Which of the models represents the data best? Explain e) Using the best fitting model, estimate the original price of the computer.

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
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EXAMPLE 2 The value of a computer n years after it was purchased is given by the following table. Number of Years 1 Value ($) 2 3 4 5 6 1200 960 768 614 492 393 a) Enter the data into a table and make a scatter plot b) Construct the following models to represent the data by using a regression, and state the equa a. Linear b. Quadratic c. Exponential c) Determine the value of the computer after 10 years using each one of your models. Linear: 60 Quadratic: Exponential: d) Which of the models represents the data best? Explain e) Using the best fitting model, estimate the original price of the computer.
Transcribed Image Text:EXAMPLE 2 The value of a computer n years after it was purchased is given by the following table. Number of Years 1 Value ($) 2 3 4 5 6 1200 960 768 614 492 393 a) Enter the data into a table and make a scatter plot b) Construct the following models to represent the data by using a regression, and state the equa a. Linear b. Quadratic c. Exponential c) Determine the value of the computer after 10 years using each one of your models. Linear: 60 Quadratic: Exponential: d) Which of the models represents the data best? Explain e) Using the best fitting model, estimate the original price of the computer.
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