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The table below shows the number of hybrid cars sold (in thousands) in the US in...

  1. The table below shows the number of hybrid cars sold (in thousands) in the US in the following years.                                                          * Source: Wikipedia

Year

Hybrid cars sold in US (in thousands)

2000

9.35

2002

36.04

2004

84.20

2007

352.27

2010

274.21

2014

452.15
  1. Find an exponential regression equation for the data. Let x = 0 represent the year 2000. Round a to two decimal places, and round b to four decimal places.

  1. Describe what a and b tell you from your equation above in the context of the problem. Be very specific.

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Expert Solution

milcah answered 2 years ago
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