there are several handy regression calculators online.
You have a computer, so use it to help when you can.
The table below shows the value, V, of an investment (in dollars) n years after 1996.
n
1 3 7 12 14 19
V
16719 15833.86 15033 14036.84 13066 11077.95
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 tenth as needed.
a. Based on the regression model, the value of this investment is
decreasing at a rate of $ _______per year.
1 answer