The accompanying table shows the value of a car over time that was purchased for 16300 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.

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The
accompanying
table shows the value
of a car over time that was purchased for
16300 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)
0
1
2
3
4
Value in Dollars (y)
16300
13497
12172
10571
9425
Transcribed Image Text:The accompanying table shows the value of a car over time that was purchased for 16300 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) 0 1 2 3 4 Value in Dollars (y) 16300 13497 12172 10571 9425
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