Exponential Regression The table below shows the population, P, (in thousands) of a town after n years. n P 3 0 3000 3601.63 7 4817.34 12 14 19 6959.27 7735.6 10307.1 (a) Use your calculator to determine the exponential regression equation P that models the set of data above. Round the value of a to two decimal places and round the value of b to three decimal places. Use the indicated variables. P = (b) Based on the regression model, what is the percent increase per year? (c) Use your regression model to find P when n-8. Round your answer to two decimal places. P= thousand people (d) Interpret your answer by completing the following sentence. The population of the town after years is thousand people.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Please be correct
ome
nnouncements
ssignments
iscussions
rades
yllabus
Quizzes
Modules
utoring
Exponential Regression
The table below shows the population, P, (in thousands) of a town after n years.
n
P
0
3000
7
12
3
14
3601.63 4817.34 6959.27 7735.6
(a) Use your calculator to determine the exponential regression equation P that models the set of data
above. Round the value of a to two decimal places and round the value of b to three decimal places. Use
the indicated variables.
19
10307.1
P=
(b) Based on the regression model, what is the percent increase per year?
(c) Use your regression model to find P when n 8. Round your answer to two decimal places.
P =
thousand people
(d) Interpret your answer by completing the following sentence.
The population of the town after
Question Help: Video
years is
thousand people.
Transcribed Image Text:ome nnouncements ssignments iscussions rades yllabus Quizzes Modules utoring Exponential Regression The table below shows the population, P, (in thousands) of a town after n years. n P 0 3000 7 12 3 14 3601.63 4817.34 6959.27 7735.6 (a) Use your calculator to determine the exponential regression equation P that models the set of data above. Round the value of a to two decimal places and round the value of b to three decimal places. Use the indicated variables. 19 10307.1 P= (b) Based on the regression model, what is the percent increase per year? (c) Use your regression model to find P when n 8. Round your answer to two decimal places. P = thousand people (d) Interpret your answer by completing the following sentence. The population of the town after Question Help: Video years is thousand people.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman