Linear Regression
The table below shows the value, V, of an investment (in dollars) n years after 1996.
72
1
3
V 12455 12901.7 14585
12
16850.8
14
17070
19
17902.75
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.
in the year
Based on this regression model, the value of this investment was $
1996.
Based on the regression model, the value of this investment is Select an answer
at a rate of $
per year.