Questions: (a) Which curve fits the data best? Figure 1 Figure 2 Figure 3 (b) Use the equation of the best fitting curve from part (a) to predict the value of the item at a time 12 years after its purchase. Round your answer to the nearest hundredth.

(a) Which curve fits the data best? Figure 1 Figure 2 Figure 3 (b) Use the equation of the best fitting curve from part (a) to predict the value of the item at a time 12 years after its purchase. Round your answer to the nearest hundredth.
Transcript text: (a) Which curve fits the data best? Figure 1 Figure 2 Figure 3 (b) Use the equation of the best fitting curve from part (a) to predict the value of the item at a time 12 years after its purchase. Round your answer to the nearest hundredth.
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Solution

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Solution Steps

Step 1: Determine the best fit curve

Visually, Figure 3 appears to be the best fit for the plotted points as the line passes closest to the majority of points with minimal deviation.

Step 2: Find the value at x=12

Substitute _x_ = 12 into the equation for Figure 3: _y_ = 88.1_x_ - 665 _y_ = 88.1 * 12 - 665 _y_ = 1057.2 - 665 _y_ = 392.2

Final Answer

392.20

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