7. The average annual exchange rate in Canada for the US dollar from 2008-2018 is shown in the following table. Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Exchange Rate 0.94 0.88 0.97 1.01 1.00 0.97 0.91 0.78 0.77 0.77 0.77 a) Draw a scatter plot, without using graphing technology. b) Draw the line of best fit. c) Determine the slope of your line of best fit and identify the y-intercept. d) Determine the equation of the line of best fit without technology e) Draw a scatter plot using technology.

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1) The question screenshot has been attached down below answer question 7 a - h step-by-step.

7. The average annual exchange rate in Canada for the US dollar from 2008-2018 is
shown in the following table.
Year
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Exchange Rate
0.94
0.88
0.97
1.01
1.00
0.97
0.91
0.78
0.77
0.77
0.77
a) Draw a scatter plot, without using graphing technology.
b) Draw the line of best fit.
c) Determine the slope of your line of best fit and identify the y-intercept.
d) Determine the equation of the line of best fit without technology
e) Draw a scatter plot using technology.
Transcribed Image Text:7. The average annual exchange rate in Canada for the US dollar from 2008-2018 is shown in the following table. Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Exchange Rate 0.94 0.88 0.97 1.01 1.00 0.97 0.91 0.78 0.77 0.77 0.77 a) Draw a scatter plot, without using graphing technology. b) Draw the line of best fit. c) Determine the slope of your line of best fit and identify the y-intercept. d) Determine the equation of the line of best fit without technology e) Draw a scatter plot using technology.
f) Determine the equation of the line of best fit using technology
g) Draw the line of best fit.
h) Based on your findings (use both equations of the line of best fit), what will the
average exchange rate be in the year 2020, if current trends continue? Which one
do you think is the most accurate? Why?
Transcribed Image Text:f) Determine the equation of the line of best fit using technology g) Draw the line of best fit. h) Based on your findings (use both equations of the line of best fit), what will the average exchange rate be in the year 2020, if current trends continue? Which one do you think is the most accurate? Why?
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