The Table Below Shows the Population of a City (In

question 19

Essay

The table below shows the population of a city (in millions)in each year during the period
2010-2015. Using the number of years since 2010 as the independent variable, find the
regression equation of the best model. Assume that the model is to be used only for the
scope of the given data, and consider only linear, quadratic, logarithmic, exponential, and
power models. Include the type of model and the equation for the model you find. $$\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Year } & 2010 & 2011 & 2012 & 2013 & 2014 & 2015 \\\hline \text { Population(millions) } & 1.08 & 1.37 & 1.68 & 2.19 & 2.73 & 3.34 \\\hline\end{array}$$

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Definitions:

Net Assets

The total assets of a company minus its total liabilities, indicating the company's financial health and value.

Capitalized

The recording of an expense or cost as an asset on a balance sheet, rather than an immediate expense.

Installation Costs

Expenses associated with setting up or installing equipment, machinery, or infrastructure necessary for the operation of a business or service.

Maintenance Costs

Expenses incurred in the upkeep of assets, ensuring they continue to operate effectively without significant degradation or failure.