7. The table below shows a recent graduate's credit card balance each month after graduation. Month 1 3 4 5 6 7 8 Debt ($) 620.00 761.88 899.80 1039.93 1270.63 1589.04 1851.31 2154.92 a. Use...


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7. The table below shows a recent graduate's credit card balance each month after<br>graduation.<br>Month<br>1<br>3<br>4<br>5<br>6<br>7<br>8<br>Debt ($) 620.00 761.88 899.80 1039.93<br>1270.63<br>1589.04<br>1851.31<br>2154.92<br>a. Use exponential regression to fit a model to these data. Give the equation<br>found in explicit form.<br>b. If spending continues at this rate, what will the graduate's credit card debt be<br>one year after graduating?<br>

Extracted text: 7. The table below shows a recent graduate's credit card balance each month after graduation. Month 1 3 4 5 6 7 8 Debt ($) 620.00 761.88 899.80 1039.93 1270.63 1589.04 1851.31 2154.92 a. Use exponential regression to fit a model to these data. Give the equation found in explicit form. b. If spending continues at this rate, what will the graduate's credit card debt be one year after graduating?

Jun 08, 2022
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