Using a calculator, the exponential regression equation for the data is:
y = 16615.21e^(-0.14x)
Using it, the estimate for the value of car after 11 years is $3,561.99.
<h3>How to find the equation of exponential regression using a calculator?</h3>
To find the equation, we need to insert the points (x,y) in the calculator.
For this problem, the points are given as follows:
(0, 16700), (1, 14370), (2, 12520), (3, 10301), (4, 9871), (5, 7982), (6, 6984).
Inserting these points in the calculator, the equation is:
y = 16615.21e^(-0.14x)
Hence the value of the car after 11 years is given by:
y = 16615.21e^(-0.14 x 11) = $3,561.99.
More can be learned about exponential regression at brainly.com/question/9302810
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