The Following Table Exhibits the Age of Antique Furniture and the Corresponding

question 29

Multiple Choice

The following table exhibits the age of antique furniture and the corresponding prices. Use the table to answer the following questions) . Hint: Use scatter diagram and the Excel Trendline tool where necessary) . $$\begin{array} { | r | r | } \hline\begin{array} { l } \text { Number } \\\text { of years }\end{array} & \begin{array} { l } \text { Value } \\\$\end{array} \\\hline 79 & 930 \\\hline 91 & 1010 \\\hline 83 & 970 \\\hline 159 & 1950 \\\hline 134 & 1610 \\\hline 210 & 2880 \\\hline 89 & 980 \\\hline 178 & 2010 \\\hline 124 & 1370 \\\hline 72 & 900 \\\hline\end{array}$$
-Which of the following mathematical functions, used in predictive analytical models, is represented by the formula y = ax3 + bx2 + cx + d?

• A) exponential functions
• B) power functions
• C) logarithmic functions
• D) polynomial functions

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Definitions:

Independent

Free from external control or influence; capable of thinking or acting for oneself.

Synthetic Thinking

The ability to put together separate pieces of information, concepts, or ideas to form a cohesive whole or new insights.

Systems Theorists

Scholars who study the interrelated components of systems, focusing on how parts interact within a whole.

Inside-out

An approach or perspective that starts from within an organization and works toward its external environment, focusing on leveraging internal strengths.