Question
The table below shows the value, V, of an investment (in dollars) n years after 1991. n 1 3 7 12 14 19 V(n)
The table below shows the value, V, of an investment (in dollars) n years after 1991. n 1 3 7 12 14 19 V(n) 16317 16415.98 17619 19265.12 19138 19211.85 Determine the linear regression equation that models the set of data above, and use this equation to answer the questions below. Round to the nearest hundredth as needed. Based on this regression model, the value of this investment was $ in the year 1991.
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
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