Regression Models Answers

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84672

Which statements are true? Check all that apply.

A
The data is best represented by an exponential model.
B
The data is best represented by a quadratic model.
C
If the price is $5 per unit, the expected profit is approximately $4,686.
D
If the price is $80 per unit, the expected profit is negative.
E
As the price per unit increases, the profit increases indefinitely.
84673

Which statements are true? Check all that apply.

A
The function that best represents the data is f(x) = 24,512(0.755)x.
B
The function that best represents the data is f(x) = 554x2 – 5,439x + 24,600.
C
The function decreases indefinitely.
D
It is reasonable to interpolate to the value of the car at 4.5 years.
E
It is reasonable to extrapolate to 40 years.
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