The average top ticket price for Broadway musicals has increased dramatically between 1975 and 2003.1985 1998 2000 200372.83 118.97 130.1544.99YearAverage Ticket Price197513.63a. Using the data in the table, find the linear regression equation that best fits the data. (Let x = 0 represent the number of yearssince 1970.)y = (Round values to three decimal places.)b. Predict the average top ticket price for Broadway musicals in the year 2012 if the price continues to increase at the same rate. (Let xrepresent the number of years since 1970.)(Round to two decimal places.)c. Find the rate at which the price is rising.per year (Round to two decimal places.)

The data for the average top ticket price for Broadway musicals between 1975 and 2003 are given.

Answered: The average top ticket price for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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