Linear Regression The table below shows the value, V, of an investment (in dollars) 72 years after 1994. n 1 3 7 12 V(n) 15575 14822.5 14225 13493 14 19 12650 10948.75 Determine the linear regression equation that models the set of data above, and use this equation to answer the questions below. Round to the nearest hundredth as needed. Based on this regression model, the value of this investment was S Based on the regression model, the value of this investment is Select an answer at a rate of S per year. in the year 1994

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Linear Regression
The table below shows the value, V, of an investment (in dollars) 7 years after 1994.
n
3
7
12
14
V(n) 15575 14822.5 14225 13493 12650
19
10948.75
Determine the linear regression equation that models the set of data above, and use this equation to
answer the questions below. Round to the nearest hundredth as needed.
Based on this regression model, the value of this investment was $
Based on the regression model, the value of this investment is Select an answer
at a rate of S
per year.
in the year 1994
Transcribed Image Text:Linear Regression The table below shows the value, V, of an investment (in dollars) 7 years after 1994. n 3 7 12 14 V(n) 15575 14822.5 14225 13493 12650 19 10948.75 Determine the linear regression equation that models the set of data above, and use this equation to answer the questions below. Round to the nearest hundredth as needed. Based on this regression model, the value of this investment was $ Based on the regression model, the value of this investment is Select an answer at a rate of S per year. in the year 1994
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