-The table below shows the value, V, of an investment (in dollars) n years after 1986. n 1 V 7139 3 7464.66 7 12 8573 10061.04 14 10246 19 10868.95 Determine the linear regression equation that models the set of data above, and use this equation to answer the questions below. Round to the nearest hundredth as needed. Based on this regression model, the value of this investment was $ in the year 1986. Based on the regression model, the value of this investment is Select an answer at a rate of $ per year.
-The table below shows the value, V, of an investment (in dollars) n years after 1986. n 1 V 7139 3 7464.66 7 12 8573 10061.04 14 10246 19 10868.95 Determine the linear regression equation that models the set of data above, and use this equation to answer the questions below. Round to the nearest hundredth as needed. Based on this regression model, the value of this investment was $ in the year 1986. Based on the regression model, the value of this investment is Select an answer at a rate of $ per year.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
Problem 16CR: XYZ Corporation Stock Prices The following table shows the average stock price, in dollars, of XYZ...
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