The best-fitting regression model for the scatter plot is exponential curve , Option C is the right answer.
The missing graph is attached with the answer.
<h3>What is an exponential graph ?</h3>An exponential graph is given by y = aˣ , the graph for an exponential growth is also attached with the answer,
From the graph given in the question it can be concluded that it is not linear , not quadratic and it is not true that it doesn't have a pattern , It is an exponential growth graph, Therefore Option C is the right answer.
To know more about Exponential Graph
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Step-by-step explanation:
i = interest 3% for 30 years
This is a simple dynamical system for whom the the solutions are given as
putting values we get
S=2000[\frac{(1.03)^{30}-1}{0.03}](1.03)
= $98005.35
withdrawal of money takes place from one year after last payment
To determine the result we use the present value formula of an annuity date
we need to calculate R so putting the values and solving for R we get
R= $6542.2356