Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 V(n) 3000 3307.1 3947.8 4947.19 5195.03 6004.52 Use your calculator to determine the exponential regression equation that models the set of data abov Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables and proper function notation. V(n) = Based on the your regression model, what is the percent increase per year? Find V(15). Round your answer to two decimal places. V(15) = Interpret your answer by completing the following sentence. Be sure to use units in your answer. "The value of the investment after is How long will it take for the value of this investment to reach $11,000? Round your answer to two decimal places. V(n) = 11000 when n = Interpr your answer by completing the following sentence. Be sure to use units in your answer. In the value of the investment will reach How long will it take for the value of the investment to double? Round your answer to two decimal places. V (n) has doubled when n = Interpret your answer by completing the following sentence. Be sure to use units in your answer. In the value of the investment will double.

Exponential Regression The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 V(n) 3000 3307.1 3947.8 4947.19 5195.03 6004.52 Use your calculator to determine the exponential regression equation that models the set of data abov Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables and proper function notation. V(n) = Based on the your regression model, what is the percent increase per year? Find V(15). Round your answer to two decimal places. V(15) = Interpret your answer by completing the following sentence. Be sure to use units in your answer. "The value of the investment after is How long will it take for the value of this investment to reach $11,000? Round your answer to two decimal places. V(n) = 11000 when n = Interpr your answer by completing the following sentence. Be sure to use units in your answer. In the value of the investment will reach How long will it take for the value of the investment to double? Round your answer to two decimal places. V (n) has doubled when n = Interpret your answer by completing the following sentence. Be sure to use units in your answer. In the value of the investment will double.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.1: Logistic Functions

Problem 7E: Special Rounding Instructions When you perform logistic regression, round the r value to three...

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