Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. the following data represent the amount of money a

The following data represent the amount of money and invenstor has in an investment account each...

70.2K

Verified Solution

Question

Advance Math

The following data represent the amount of money and invenstorhas in an investment account each year for 10 years.

a. Let x=number of years since 1994 and find an exponentialregression model of the form y=ab* for this data set, where y isthe amount in the account x years since 1994.

_________________________

b. If the investor plans on retiring in 2021, what will be thepredicted value of this accoutn at that time?

________________________________

c. When will the account be worth $50,000?

d. Make a graph of the scatterplot and exponential modelbelow.

Year value of account

1994 $10,000

1995 $10,573

1996 $ 11,260

1997 $11,733

1998 $12,424

1999 $13,269

2000 $13,698

2001 $14,823

2002 $15,297

2003 $16,539

Answer & Explanation Solved by verified expert
4.0 Ratings (600 Votes)
Noteto make the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Q14 54 All capacitors in the network shown are initially uncharged If a battery of...

Calculus
1.2K views

49 x 2 2 dx If applicable enter your a r Use the formula for...

Algebra
1.2K views

The region enclosed by the lemniscate = 2 cos 20 is thebase of a...

Algebra
1.2K views

3 2x 5y 10 654 3 2 1 2

Algebra
1.2K views

Question 2 Given the set A n A Submit Question 8 8 4 7 4...

Accounting
1.2K views

On March 15, a fire destroyed Interlock Company's entire retail inventory. The inventory on hand...

Accounting
1.2K views

Appendix 1 Completing an...

Accounting
1.2K views

Under a system of Fractional Reserve Banking, deposit taking institutions such as banks are allowed...

Accounting
1.2K views

Indicate where the event purchase of land and a building with a mortgage would appear,...

Accounting
1.2K views

CASE: Both Freds family and the business have rebounded from their prior issues. Jane sought...

Accounting
1.2K views

MotoMover makes three models of motorized skateboards. At present, all indirect costs are applied to...

Finance
1.2K views

Suppose you are the money manager of a $4.37 million investment fund. The fund consists...