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A power equation is a nonlinear regression equation of the form y = axb. Use a technology tool to find and graph the power equation for the data below. Include a scatter plot in your graph. Note that you can also find this model by solving the equation logy = m(log x)+b.
x, y
1, 699
2, 407
3, 241
4, 105
5, 91
6, 76
7, 60
8, 77
a. Use technology to find the graph of the data
b. Use technology to find the power equation. (Round to two decimal places.)
In the _____, households receive goods and services and pay firms for them
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