Suppose you school costs for this term were $4640 and financial aid covered 4/5 of that amount?
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The equation that models the exponential decline is y = 46348587109809610(0.9861)ˣ if the population over the past 20 years is provided.
<h3>What is the line of best fit?</h3>A mathematical notion called the line of the best fit connects points spread throughout a graph. It's a type of linear regression that uses scatter data to figure out the best way to define the dots' relationship.
Let's suppose the equation that models the exponential decline is:
From the data given, we can calculate the value of a and b:
a = 46348587109809610
b = 0.9861
y = 46348587109809610(0.9861)ˣ
Thus, the equation that models the exponential decline is y = 46348587109809610(0.9861)ˣ if the population over the past 20 years is provided.
Learn more about the line of best fit here:
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