The following table shows the consumer príce index for medical care in the U.S. for years since 1980.YearPrice Index74.94.106.8138.612190.116228.220260.824310.128364.1A scatter plot for the data follows.400-375350-325300275250225-2001501251007512 1S 18 21 24 27 30Use the above scatter plot to decide whether a linear model fits the data well.O A linear model fits the data well.OA linear model does not fit the data well.Let C(t) be the price index for a medical care for t years since 1980.A linear model for the data is C(t) =Use three declmals in youranswer.Estimate the price Index in 2012.Use one decimal in your answer.Use the model to predict the year in which the price index will be 402.4.

Draw a straight line passing through almost all the points (Shown in the figure below). The…

The following table shows the consumer príce index for medical care in the U.S. for years since 1980. Year Price Index 74.9 4. 106.8 138.6 12 190.1 16 228.2 20 260.8 24 310.1 28 364.1 A scatter plot for the data follows. 400+ 375

The following table shows the consumer príce index for medical care in the U.S. for years since 1980. Year Price Index 74.9 4. 106.8 138.6 12 190.1 16 228.2 20 260.8 24 310.1 28 364.1 A scatter plot for the data follows. 400+ 375

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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The following table shows the median income, in thousands of dollars, of American families for 2003 through 2008. Year 2003 2004 Income (thousands of dollars) 52.68 54.06 2005 56.19 2006 58.41 2007 2008 61.36 61.52 (a) Plot the data. H H 62 62 61 61 60 60 59 59 58 58 57 57 56 56 55 55 54 54 53 53 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 H H. 62 62 61 61 60 60 59 59 58 58 57 57 56 56 55 55 54 54 53 53 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008 (b) Use exponential regression to construct an exponential model for the income data. (Let t be years since 2003 and H be the median household income in thousand of dollars.) OH = 62.520 x 0.967 OH = 57.370 x 1.010 OH = 71.932 x 0.856 OH = 49.035 x 1.245 O H = 52.587 x 1.035 (c) What was the yearly percentage growth rate in median family income during this period? (Use the model found in part (b). Round your answer to one decimal place.)
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