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Exponential Regression | |
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The table below shows the value, , of an investment (in dollars) years after . | |
Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to the nearest whole number, and round the "b" value to three decimals. Use the indicated variables and proper function notation. |
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Based on the your regression model, what is the percent increase per year? The value of this investment is increasing at a rate of % per year. | |
Based on the your regression model, what is value of this investment in the year ? Round your answer to the nearest dollar. The value of this investment is $ in the year . | |
Based on the your regression model, what is value of this investment in the year ? Round your answer to the nearest dollar. The value of this investment is $ in the year . |
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