Question

The following table shows the average price of a two-bedroom apartment in downtown New York City during the real estate boom from 1994 to 2004.†
t 0 (1994) 2 4 6 8 10 (2004)
Price
($ million) 0.38 0.40 0.60 0.95 1.20 1.60
(a) Use exponential regression to model the price P(t) as a function of time t since 1994. (Round the coefficients to 3 decimal places.)