The following table shows the average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004.† t 0 (1994) 2 4 6 8 10 (2004) Price ($ million) 0.38 0.40 0.60 0.95 1.20 1.60 (a) Use exponential regression to model the price P(t) as a function of time t since 1994. (Round the coefficients to 3 decimal places.)  P(t) =       Select a sketch of the points and the regression curve.       b) Extrapolate your model to estimate the cost of a two-bedroom downtown apartment in 2005. (Round your answer to one decimal place.)$  million

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The following table shows the average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004.†

t 0 (1994) 2 4 6 8 10 (2004)
Price
($ million)
0.38 0.40 0.60 0.95 1.20 1.60
(a) Use exponential regression to model the price P(t) as a function of time t since 1994. (Round the coefficients to 3 decimal places.) 
P(t) =
 
 
 

Select a sketch of the points and the regression curve.
   
  b) Extrapolate your model to estimate the cost of a two-bedroom downtown apartment in 2005. (Round your answer to one decimal place.)
$  million
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