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A customer's stock value seems to be rising exponentially. The equation for
the linearized regression line that models this situation is log(y) = 0.30x +0.296,
where × represents number of weeks. Which of the following is the best
approximation of the number of weeks that will pass before the value of the
stock reaches $600?

A customers stock value seems to be rising exponentially The equation for the linearized regression line that models this situation is logy 030x 0296 where repr class=

Respuesta :

Considering the given regression equation, the number of weeks that will pass before the value of the stock reaches $600 is of:

B. 8.3.

What is the regression equation?

The value of the stock y after x weeks is given as follows:

log(y) = 0.3x + 0.296.

We have to solve for x when y = 600, hence:

log(600) = 0.3x + 0.296

0.3x = 2.7782 - 0.296

x = (2.7782 - 0.296)/0.3

x = 8.3 weeks.

More can be learned about regression equations at https://brainly.com/question/25987747

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