The value of a boat is depreciating at a rate of 8% per year. In 2006, the boat was worth $17,800. Find the value of the boat in 2013. Enter the exponential decay function for this situation. Part 1 out of 3 The exponential decay function is y = In 2013 the boat will be worth $|

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.