Question

The accompanying table shows the value of a car over time that was purchased for 19000 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 16 years.

Answer 1

Explanation:

The equation of the exponential regression is . And the value of a car after 15 years is $ 3,823.53.

What is an exponent?

Exponential notation is the form of mathematical shorthand which allows us to write complicated expressions more succinctly. An exponent is a number or letter is called the base. I