document.write( "Question 1207185: Mrs. Robinson made the table below showing the yearly balance of her savings
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document.write( "account. Interest on the account compounds annually. Which of the following
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document.write( "describes the best model to be used for Mrs. Robinson’s data?
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document.write( "Year Balance in Dollars
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document.write( "0 $400
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document.write( "5 $463.71
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document.write( "10 $537.57
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document.write( "15 $623.19
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document.write( "20 $722.44
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document.write( "25 $837.51\r
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document.write( "A) a positive linear function
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document.write( "B) a positive quadratic function
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document.write( "C) an exponential growth function
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document.write( "D) a positive absolute value function \n" );
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Algebra.Com's Answer #844918 by math_tutor2020(3816)![]() ![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Use technology of your choice to determine these regression equations
\n" ); document.write( "The 'e' is a special constant roughly equal to 2.718 \n" ); document.write( "h(x) is roughly equivalent to 400.0011431092*1.0299998258^x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "From here, use spreadsheet software to construct the following table \n" ); document.write( "
\n" ); document.write( "The first two columns are copy/pasted from the table your teacher gave you. Except of course the dollar sign symbols have been erased. \n" ); document.write( "The remaining 3 columns represent the absolute error when subtracting the stated y value from each regression output.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "For example, when x = 0 the y value is y = 400. \n" ); document.write( "If you plugged x = 0 into the linear regression function, then you should find f(0) = 379.5919047619 \n" ); document.write( "The error is approximately |y-f(x)| = |y-f(0)| = |400-379.5919047619| = 20.4080952381 \n" ); document.write( "Follow similar steps to compute the other error values. \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In a perfect world, the error would be 0. But of course nothing is ever perfect. \n" ); document.write( "The next best thing is to try to get as close to 0 as possible. \n" ); document.write( "This occurs with the exponential regression function. \n" ); document.write( "Therefore, the exponential is the best fit.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Answer: choice C \n" ); document.write( " \n" ); document.write( " |