A graphing calculator has determined this exponential regression equation based on car value data: y = a*b
Question:
A graphing calculator has determined this exponential regression equation based on car value data: y = a*bx , a = 18,547.23, and b = 0.8625. What is the rate of depreciation for this car? How much is this car worth after 6 years; 78 months; w months?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
1b108625013751375 The rate of de...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 20,952.11, and b = 0.785. What is the rate of depreciation for this car? How much is...
-
A graphing calculator has determined this exponential regression equation based upon car value data: y = a*bx, a = 18,547.23 and b = 0.8625. What is the rate of depreciation 4 for this car? How much...
-
A graphing calculator has determined the following exponential regression equation: y = a*bx, a = 28,158.50, b = 0.815. a. What is the rate of depreciation for this car? b. How much is this car worth...
-
Fletcher, Inc. disposes of under- or over-applied overhead at year-end as an adjustment to cost of goods sold. Prior to disposal, the firm reported cost of goods sold of $619,000 in a year when...
-
The publishing company recently came up with some additional data for the 15 books in the original sample. Two new variables, production expenditure (x5) and number of prepublication reviewers (x6),...
-
The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Prepare a classified balance sheet for the company. Account Title Debits Credits $ 55,000 Cash Accounts...
-
Apply the marketing-myopia concept to print media, magazines, and newspapers. What is the implication?
-
Computing Bad Debts and Preparing Journal Entries the trial balance before adjustment of Estefan Inc. shows the following balances. Give the entry for estimated bad debts assuming that the allowance...
-
Question 10 Consider a market for electricity, where there is one electricity providor. Suppose demand (in megawatt hours) is given by Q = 50 - P and that the marginal private cost of generating...
-
Your tax clients, Jack and Diane a married couple filing a joint return, fell in love with a new construction house for sale in their small Illinois hometown. The builder offers two options on the...
-
Grahamsville High School recently polled its teachers to see how many miles they drive to work each day. At the left is a stem-and-leaf plot of the results. a. How many teachers were polled? b. Find...
-
Determine the distance covered by a car traveling 68 mi/h for each unit and time given. Round answers to the nearest unit. a. miles in 1 hour b. feet in 1 hour c. feet in 1 minute d. feet in 1 second
-
Why is cloud computing not the best option for all companies?
-
Terry Trooper, a single taxpayer, had the following transactions during 2018 a. Sold 60 shares of Troy Corporation common stock on March 22, 2018, for \(\$ 660\). The stock was purchased on January...
-
X uses the LIFO method in computing its inventory. It had 1,000 units on hand at the end of 2018. Based on the following information, what is the value of its ending inventory on December 31, 2018 ?...
-
Mike and Sally Card file a joint return for the 2018 tax year. Their adjusted gross income is \(\$ 65,000\) and they incur the following interest expenses: Qualified education loans Personal loan...
-
Some people start their own firms to pursue financial rewards. However, these rewards are often far fewer than imagined and/or expected. Why is this so?
-
The gravity model is often used not only to explain trade between two countries but also to investigate the reasons why they dont. Illustrate this anomaly with suitable examples and reasons.
-
For each of the following functions on R to R, find points of relative extrema, the intervals on which the function is increasing, and those on which it is decreasing: (a) f(x) := x2 - 3x + 5. (b)...
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
What is the probability that among 10 true hypertensives at least 50% are being treated appropriately and are complying with this treatment? Hypertension A national study found that treating people...
-
What is the probability that at least 7 of the 10 hypertensives know they have high blood pressure? Hypertension A national study found that treating people appropriately for high blood pressure...
-
If the preceding 50% rates were each reduced to 40% by a massive education program, then what effect would this change have on the overall mortality rate among true hypertensives; that is, would the...
-
1. Explain and illustrate how might a nation's production possibilities be affected by the following? Each case independently. a. Wide-spread epidemic, like COVID pandemic. b. An increase in...
-
"ISC" stands for "IS Curve", "MPC" stands for "MP Curve", "PC" stands for "Phillips Curve" and "OLC" stands for "Okun's Law Curve". You are now describing the policy response (monetary of fiscal) and...
-
A customer makes two offers to settle a disputed account. He will either pay you $500 today or pay you $650 in three years. Which offer would you accept (keep in mind you are a rational individual...
Study smarter with the SolutionInn App