Answer:
I think it is A or D
Step-by-step explanation:
I dont know because for a range to be determined, you must go at where the lowest point the function goes and the highest point it reaches, and the lowest is 250,000 and the highest is 1,000,000 but it says
250,000 < y < 1,000,000 and the A option says 0 < x < 110, I dont know but it is not b and c, I'm sorry if I'm wrong
Answer: B
Step-by-step explanation: The line crosses the Y axis at 3
7500(1+0.032)5=
1.032 to the power of 5= 1.171
7500x 1.171=8,782
Step-by-step explanation:
To check out how efficient or accurate a model is, we use the akaike information criterion or the Bayesian. If the AIC or BIC are lower, then this model would be better. They are also used to control for model complexity
Akaike information criterion = 2k-2ln where k is the number of parameter. A higher k gives a higher AIC.
In the real world complex models are discouraged and avoided since
1. They cause data to be over fitted and can capture noise and information from this data.
2. They are complex and therefore difficult to interpret
3. They consume a lot of time and computing them has several inefficiencies.
Using these two as measure of performance, we can select optimal choice of independent variable.
With forward/backward regression, we are able to put new variables in the model or remove from it. The best is the one with lowest AIC.
