A customer's stock value seems to be rising exponentially. The equation for
1 answer:
Considering the given regression equation, the number of weeks that will pass before the value of the stock reaches $600 is of:
B. 8.3.
<h3>What is the regression equation?</h3>
The value of the stock y after x weeks is given as follows:
log(y) = 0.3x + 0.296.
We have to solve for x when y = 600, hence:
log(600) = 0.3x + 0.296
0.3x = 2.7782 - 0.296
x = (2.7782 - 0.296)/0.3
x = 8.3 weeks.
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