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 ten-thousandth. Using this equation, determine how long it will be, to the nearest tenth of a year, until the car's value is 3600 dollars. Years (x) Value in Dollars (y) 16300 15246 2 13453 3 12104 4 10652 9356 6. 8408 5

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
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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 ten-thousandth. Using this equation, determine how long it will be, to the
nearest tenth of a year, until the car's value is 3600 dollars.
Years (x) Value in Dollars (y)
16300
15246
2
13453
3
12104
4
10652
9356
6.
8408
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 ten-thousandth. Using this equation, determine how long it will be, to the nearest tenth of a year, until the car's value is 3600 dollars. Years (x) Value in Dollars (y) 16300 15246 2 13453 3 12104 4 10652 9356 6. 8408
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