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2 years ago

8

The value of a boat is $23,400. It loses 8% of its value every year. Find the approximate monthly percent decrease in value. Rou

nd your answer to the nearest hundredth of a percent.

1 answer:

Oduvanchick [21]2 years ago

8 0

23400 x 8/100 = 1872 = the loss
1872 : 12 = 156= the loss each month
156/1872*100% = 8,33 % then round it

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use a graphing calculator or other technology to answer the question which quadratic regression equation best fits the data set

Greeley [361]

Answer:

Option C is the correct option.

In other words, the quadratic regression $y=32.86\:\left(x\right)^2-379.14\left(x\right)+1369.14\:$ best fits the data set, as it gets very much close to the data values given in the data table.

The graph of the equation $y=32.86\:\left(x\right)^2-379.14\left(x\right)+1369.14\:$ is also attached.

Step-by-step explanation:

x y

3 470

4 416

5 403

Analyzing Option A:

Considering the equation

$y=32.86\:\left(x\right)^2+379.14\left(x\right)-1369.14\:$

From (3, 470), putting x = 3

$y=32.86\:\left(3\right)^2+379.14\left(3\right)-1369.14\:$

$y=64.02$

From (4, 470), putting x = 4

$y=32.86\:\left(4\right)^2+379.14\left(4\right)-1369.14\:\:$

$y=673.18$

From (5, 403), putting x = 5

$y=32.86\:\left(5\right)^2+379.14\left(5\right)-1369.14\:$

$y=1348.06$

Analyzing Option B:

$y=32.86\:\left(x\right)^2-379.14\left(x\right)$

From (3, 470), putting x = 3

$y=32.86\:\left(3\right)^2-379.14\left(3\right)$

$y=-841.68$

From (4, 470), putting x = 4

$y=32.86\:\left(4\right)^2-379.14\left(4\right)$

$\:y=-990.8$

From (5, 403), putting x = 5

$y=32.86\:\left(5\right)^2-379.14\left(5\right)$

$\:y=-1074.2$

Analyzing Option C:

Considering the equation

$y=32.86\:\left(x\right)^2-379.14\left(x\right)+1369.14\:$

From (3, 470), putting x = 3

$y=32.86\:\left(3\right)^2-379.14\left(3\right)+1369.14\:$

$y=527.46$

So, the approximately result is (3, 527)

From (4, 470), putting x = 4

$y=32.86\:\left(4\right)^2-379.14\left(4\right)+1369.14\:$

$y=378.34$

So, the approximately result is (4, 378)

From (5, 403), putting x = 5

$y=32.86\:\left(5\right)^2-379.14\left(5\right)+1369.14\:\:\:$

$y=294.94$

So, the approximately result is (5, 295)

Analyzing Option D:

Considering the equation

$y=-1369.14\:\left(x\right)^2-379.14\left(x\right)+32.86$

From (3, 470), putting x = 3

$y=-1369.14\:\left(3\right)^2-379.14\left(3\right)+32.86\:\:$

$y=-13426.82$

From (4, 470), putting x = 4

$y=-1369.14\:\left(4\right)^2-379.14\left(4\right)+32.86$

$y=-23389.94$

From (5, 403), putting x = 5

$y=-1369.14\:\left(5\right)^2-379.14\left(5\right)+32.86\:\:$

$y=-36091.34$

Therefore, from the above calculations and analysis, we conclude that Option C is the correct option.

In other words, the quadratic regression $y=32.86\:\left(x\right)^2-379.14\left(x\right)+1369.14\:$ best fits the data set, as it gets very much close to the data values given in the data table.

The graph of the equation $y=32.86\:\left(x\right)^2-379.14\left(x\right)+1369.14\:$ is also attached.

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