Question 18

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Linear Regression

The table below shows the value, V, of an investment (in dollars) n years after 1988.

n

V(n)

1

3

7

12

6271 6872.74 8497 10662.56

14

11094 12301.55

19

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 $

Based on the regression model, the value of this investment is

at a rate of $

per year.

in the year 1988.

Select an answer

Select an answer

increasing

decreasing