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The table shows the value of an account x years after the account was opened.

A 2-column table with 5 rows. The first column is labeled years after opening account with entries 0, 2, 5, 8, 10. The second column is labeled account value (in dollars) with entries 5,000; 5,510; 6,390; 7,390; 8,150.
Based on the exponential regression model, which is the best estimate of the value of the account 12 years after it was opened?

$8,910
$8,980
$13,660
$16,040

Respuesta :

Legotrain13

Answer:

B. $8,980

Step-by-step explanation:

You want to put it in a regression calculator and add up all the points. (0,5000) , (2,5510) , (5,6390) , (8,7390) , (10,8150). After putting all this in the calculator you should get a formula looking like y = 4999.785(1.05)^x, once you get this add the 12 to the x value and you have your full equation set up as 4999.785(1.05)^12. After adding this all up you get 8978.895521, just round it up and then your all done.

Based on the exponential regression model, the best estimate of the value of the account 12 years after it was opened is B. $8,980.

How to depict the regression?

Based on the information given, it's important to add up all the points in the regression calculator. Therefore, the points will be (0, 5000), (2, 5510), (5, 6390), (8, 7390), and (10, 8150).

After this is done, in the exponential regression model, the best estimate of the value of the account 12 years after it was opened is $8,980.

Learn more about regression on:

https://brainly.com/question/25987747

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