Exponential RegressionThe table below shows the value, V, of an investment (in dollars) after n years.371214195743.436531.456597.39 6919.85Use your calculator to determine the exponential regression equation that models the set ofdata above. 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?=V(20)Find V(20). Round your answer to two decimal places.%n0V(n) 5000 5199.92=Interpret your answer by completing the following sentence. Be sure to use units in youranswer.In"The value of the investment afterHow long will it take for the value of this investment to reach $10,500? Round your answer tothe nearest year.V(n) = 10500 when n =InisInterpret your answer by completing the following sentence. Be sure to use units in youranswer.the value of the investment will reachHow long will it take for the value of the investment to double? Round your answer to thenearest year.V(n) has doubled when n =Interpret your answer by completing the following sentence. Be sure to use units in youranswer.the value of the investment will double.

Given n V(n) 0 5000 3 5199.92 7 5743.43 12 6531.45 14 6597.39 19 6919.85 Where n…

The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 5743.43 6531.45 6597.39 6919.85 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables and proper function notation. % n V(n) V(n) = Based on the your regression model, what is the percent increase per year? V(20) : 0 5000 5199.92 = 7 Find V(20). Round your answer to two decimal places.

The table below shows the value, V, of an investment (in dollars) after n years. 3 12 14 19 5743.43 6531.45 6597.39 6919.85 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to three decimals. Use the indicated variables and proper function notation. % n V(n) V(n) = Based on the your regression model, what is the percent increase per year? V(20) : 0 5000 5199.92 = 7 Find V(20). Round your answer to two decimal places.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 2E

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18. A multiple regression model, K = a + bX + cY + dZ, is estimated regression software, which produces the following output: D. If X equals 50, Y equals 200, and Z equals 45, what value do you predict K will take?
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