a. Using regression, find an exponential function, y = a 0 ⋅ a x , hat fits the data. y = 0.521453 ( 1.049459 ) x b. Graph the exponential function. c. Use the exponential function to predict the average price of a movie ticket in 2015 and 2020. Do these estimates appear reasonable? d. Use the function to predict the year when the average price of a ticket will reach $20. Does this estimate seem reasonable?
a. Using regression, find an exponential function, y = a 0 ⋅ a x , hat fits the data. y = 0.521453 ( 1.049459 ) x b. Graph the exponential function. c. Use the exponential function to predict the average price of a movie ticket in 2015 and 2020. Do these estimates appear reasonable? d. Use the function to predict the year when the average price of a ticket will reach $20. Does this estimate seem reasonable?
Solution Summary: The author explains how to determine the exponential function using regression for the provided data.
I need detailed help solving this exercise from homework of Calculus I.I do not really understand how to do, please do it step by step, not that long but clear. Thank you!P.S.: Please do not use AI, thanks!
I need detailed help solving this exercise from homework of Calculus I.I do not really understand how to do, please do it step by step, not that long but clear. Thank you!P.S.: Please do not use AI, thanks!
I need detailed help solving this exercise from homework of Calculus I.I do not really understand how to do, please do it step by step, not that long but clear. Thank you!P.S.: Please do not use AI, thanks!
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