The accompanying table shows the value of a car over tíme that was purchased for 15700 dollars, where x is years and y is the value of the car in dollars. Write an exponential regression equation for this set of data, rounding all coefficients to the nearest hundredth. Using this equation, determine the value of the car, to the nearest cent, after 8 years. Years (x) Value in Dollars (y) 15700 1 13394 2 10614 3 9613 4 7677 6299

The accompanying table shows the value of a car over tíme that was purchased for 15700 dollars, where x is years and y is the value of the car in dollars. Write an exponential regression equation for this set of data, rounding all coefficients to the nearest hundredth. Using this equation, determine the value of the car, to the nearest cent, after 8 years. Years (x) Value in Dollars (y) 15700 1 13394 2 10614 3 9613 4 7677 6299

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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The accompanying table shows the value of a car over time that was purchased for
15700 dollars, where x is years and y is the value of the car in dollars. Write an
exponential regression equation for this set of data, rounding all coefficients to the
nearest hundredth. Using this equation, determine the value of the car, to the nearest
cent, after 8 years.
Years (x) Value in Dollars (y)
15700
1
13394
10614
3
9613
4
7677
5
6299
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Regression Equation:
Final Answer:
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