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Question
the table below shows the population of a town over x years.
| years | population |
|---|---|
| 5 | 16,000 |
| 10 | 26,000 |
| 15 | 40,000 |
| 20 | 65,000 |
what values, rounded to the nearest tenth, complete the exponential regression equation that models the data?
$f(x) = \square (\square)^x$
based on the regression equation and rounded to the nearest whole person, what is the estimated population after 25 years?
\square people
Step1: Use exponential regression formula
The general form of an exponential function is \(y = ab^{x}\). Using a calculator or software (like Excel's EXPON.DIST function or a graphing calculator's regression feature) to perform exponential regression on the data points \((x = 0,y = 10500)\), \((x = 5,y = 16000)\), \((x = 10,y = 26000)\), \((x = 15,y = 40000)\), \((x = 20,y = 65000)\).
When \(x = 0\), \(y=ab^{0}=a\), so \(a\approx10500.0\).
For \(b\), using the regression result, \(b\approx1.1\).
Step2: Find the population after \(x = 25\) years
Substitute \(a = 10500\), \(b = 1.1\) and \(x = 25\) into the formula \(y=ab^{x}\).
\(y=10500\times(1.1)^{25}\)
First, calculate \((1.1)^{25}\approx10.83470594\)
Then, \(y = 10500\times10.83470594\approx113764.4124\)
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\(f(x)=10500.0(1.1)^{x}\); \(113764\) people