Use the REGRESSION Feature on a Graphing Calculator

question 67

Multiple Choice

Use the REGRESSION feature on a graphing calculator.
-The average retail price in the Spring of 2000 for a used Camaro Z28 coupe depends on the age of the car as shown in the following table. Find the quadratic model that best estimates this data. Round your answer to whole numbers.

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Definitions:

Operating Expenses

The costs associated with the day-to-day functions of a business, excluding direct production costs.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Unit

A single, distinct element that forms part of a system, often used for measuring, standardization, or as part of a greater whole.

Invoice

A notice from the seller to the buyer, detailing the items, their quantities, and the prices settled upon for the goods or services supplied.