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.
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.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Exponential Regressions (Level 1)
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Transcribed Image Text:Copy Values for Calculator
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
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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