Question

The

Answer 1

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.

How to find the equation of exponential regression using a calculator?

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

#SPJ1