Question

The table represents the average daily price of a two-bedroom beachfront condo each month, with January represented as month 1, February as month 2, and so on. Month (x) Daily Rental Price (y) 1 $154 2 $205 3 $266 4 $358 5 $403 6 $425 7 $437 8 $430 9 $381 10 $285 11 $211 12 $195 Use the graphing tool to determine the curve of best fit for this data. Write the equation of the curve in the space below.

Answer 1

y = - 9.1768x2 + 122.2567x + 14.9091

Explanation:

Given the following :

Month (x) Daily Rental Price (y) 1 $154 2 $205 3 $266 4 $358 5 $403 6 $425 7 $437 8 $430 9 $381 10 $285 11 $211 12 $195

Using the online regression equation graphing tool ; The quadratic model obtained in the form,

y = Ax^2 + Bx + C is :

y = - 9.1768x2 + 122.2567x + 14.9091

Attached below is a picture of the quadratic regression curve.