Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need these two!! Use the following information to answer question 17. X X 5 y 165 X 18 12 305 11 255 265 25 340

Need these two!!

image text in transcribed
Use the following information to answer question 17. X X 5 y 165 X 18 12 305 11 255 265 25 340 16 10 243 295 15 285 5 3 170 112 17 300 3 115 17 300 5 165 18 310 12 263 22 330 21 325 17. Determine the equation of the logarithmic regression function that models the data shown above. Round all values in your equation to the nearest hundredth. Use the following information to answer question 18. Darlene received an inheritance of $15 000. She invested it in a GIC that earns 4.5% per year, compounded annually. She would like this investment to accumulate to $25 000, which she can put toward a down payment on a house. The table below shows Darlene's balance over the first 5 years. Time, t (years) Amount, A ($) 0 15 000 1 15 675 2 16 380 3 17 117 4 17 888 5 18 693 18. Use a logarithmic regression equation to determine the time it takes, to the nearest tenth of a year, for the balance to equal $25 000. (Hint: L1 = Amount; L2 = Time)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus An Applied Approach

Authors: Ron Larson

10th Edition

1337268704, 9781337268707

More Books

Students also viewed these Mathematics questions