Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. n 0 3 V 3200 3950.46 7 12 14 19 13119.73 5484.24 8299.89 9399.02 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables. V = Based on the your regression model, what is the percent increase per year? Use the rounded regression model from part 1 to find V when n = 20. Round your answer to two decimal places. V = Interpret your answer by completing the following sentence. Be sure to use units in your answer. "The value of the investment after is
Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. n 0 3 V 3200 3950.46 7 12 14 19 13119.73 5484.24 8299.89 9399.02 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables. V = Based on the your regression model, what is the percent increase per year? Use the rounded regression model from part 1 to find V when n = 20. Round your answer to two decimal places. V = Interpret your answer by completing the following sentence. Be sure to use units in your answer. "The value of the investment after is
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Exponential Regression
The table below shows the value, V, of an investment (in dollars) after n years.
n
0
3
V
3200
3950.46
7
12
14
19
13119.73
5484.24 8299.89 9399.02
Use your calculator to determine the exponential regression equation that models the set of data above.
Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated
variables.
V =
Based on the your regression model, what is the percent increase per year?
Use the rounded regression model from part 1 to find V when n = 20. Round your answer to two
decimal places.
V =
Interpret your answer by completing the following sentence. Be sure to use units in your answer.
"The value of the investment after
is
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