Answer:
Wayne west would have $5,015 in six months
Step-by-step explanation:
The formula for exponential regression model is y = αβˣ
Where y is amount of money in 1000 dollars
x is time in months
We are given that α = 4.2 and β = 1.03 and x = 6 months
Therefore, based on this model, y = αβˣ, the amount he would have in 6 months, y =
y = 5.015 × 1000 = $ 5,015