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). $$\begin{array} { | r | r | }
\hline\begin{array} { l }
\text { Number } \
\text { of years }
\end{array} & \begin{array} { l }
\text { Value } \
\$
\end{array} \
\hline 79 & 930 \
\hline 91 & 1010 \
\hline 83 & 970 \
\hline 159 & 1950 \
\hline 134 & 1610 \
\hline 210 & 2880 \
\hline 89 & 980 \
\hline 178 & 2010 \
\hline 124 & 1370 \
\hline 72 & 900 \
\hline
\end{array}$$
-are mathematical functions used in predictive analytical models which define phenomena that increase at a specific rate, and is represented by the formula y = axb

Question

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). $$\begin{array} { | r | r | } 
\hline\begin{array} { l } 
\text { Number } \
\text { of years }
\end{array} & \begin{array} { l } 
\text { Value } \
\$
\end{array} \
\hline 79 & 930 \
\hline 91 & 1010 \
\hline 83 & 970 \
\hline 159 & 1950 \
\hline 134 & 1610 \
\hline 210 & 2880 \
\hline 89 & 980 \
\hline 178 & 2010 \
\hline 124 & 1370 \
\hline 72 & 900 \
\hline
\end{array}$$
-are mathematical functions used in predictive analytical models which define phenomena that increase at a specific rate, and is represented by the formula y = axb

Quizplus · Accepted Answer

The formula $y = ax^b$ is characteristic of power functions, which describe relationships where a change in the independent variable (x) results in the dependent variable (y) changing at a rate proportional to a power of x.

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