A technology manager of a small company would like to better understand the trends in laptop depreciation prior to purchasing a new set of laptops for the employees. She reviews laptop prices over the course of 9 months with the following results:
(a) Construct a scatter plot
(b) Determine the appropriate non-linear function that matches the data. A negative exponential function fits the chart best.
(c) What does the model tell about the relationship between laptop price depreciation over time? The data shows that as time progresses the depreciation of value for a laptop is exponentially negative, or drops exponentially.
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