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  3. the following table exhibits the age of antique fu

The following table exhibits the age of antique furniture and the corresponding prices. Use the table...

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Basic Math

The following table exhibits the age of antique furniture andthe corresponding prices. Use the table to answer the followingquestion(s). (Hint: Use scatter diagram and the Excel Trendlinetool where necessary).

No. YearsValue($)
78925
911010
83970
1591950
1341610
2102770
88960
1782010
1241350
72888

What is the expected value for a 90 year-old piece offurniture?

a. $934.56

b. $1029.36

c. $1002.45

d. $1033.21

Answer & Explanation Solved by verified expert
3.7 Ratings (691 Votes)
Solution Construct the equation using given    See Answer
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