Table 2 gives the market value of a hybrid sedan (in dollars) x years after its purchase.

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Table 2 gives the market value of a hybrid sedan (in dollars) x years after its purchase. Find an exponential regression model of the form y = abx for this data set. Estimate the purchase price of the hybrid. Estimate the value of the hybrid 10 years after its purchase. Round answers to the nearest dollar.

Table 2 1 2 3 4 5 6 Value ($) 12,575 9,455 8,115 6,845 5,225 4,485

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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