Linear Regression The table below shows the value, V, of an investment (in dollars) n years after 1996. n 1 3 7 14 V(n) 20824 19670.56 18568 15936 12 17188.64 19 13353.2 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 $ in the year 1996. Based on the regression model, the value of this investment is Select an answer at a rate of $ per year.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Linear Regression
The table below shows the value, V, of an investment (in dollars) n years after 1996.
n
1
3
V(n) 20824 19670.56
7
12
14
19
18568 17188.64 15936 13353.2
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 $
in the year 1996.
Based on the regression model, the value of this investment is Select an answer
at a rate of $
per year.
Transcribed Image Text:Linear Regression The table below shows the value, V, of an investment (in dollars) n years after 1996. n 1 3 V(n) 20824 19670.56 7 12 14 19 18568 17188.64 15936 13353.2 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 $ in the year 1996. Based on the regression model, the value of this investment is Select an answer at a rate of $ per year.
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