The table below shows the number of years since 1995and the price of milk.春6.121416Years since 195 ()Price of milk PO(in dollars)$2.62 $2.70 $2.78 $2.88 $3.15 53.40 $3.30 $3.57The model P(t) = 0.06t + 2.52 represents the relationshipbetween the years, t, since 1995 and the price of milk,P(t) 1. Identify the slope. Describe what the slope means in the context ofthe problem.2. Identify the y-intercept. Describe what the y-intercept represents inthe context of the problem.Part BThe correlation coefficient for the data in the table is r= 0.97968993.Interpret the correlation coefficient in terms of the model.POSSIBLE POPart CUsing the model, approximate the price of a gallon of milk in the year 2010.

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The table below shows the number of years since and the price of milk.

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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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.

Question

The table below shows the number of years since 1995
and the price of milk.
春
6.
12
14
16
Years since 195 ()
Price of milk PO
(in dollars)
$2.62 $2.70 $2.78 $2.88 $3.15 53.40 $3.30 $3.57
The model P(t) = 0.06t + 2.52 represents the relationship
between the years, t, since 1995 and the price of milk,
P(t)

1. Identify the slope. Describe what the slope means in the context of
the problem.
2. Identify the y-intercept. Describe what the y-intercept represents in
the context of the problem.
Part B
The correlation coefficient for the data in the table is r= 0.97968993.
Interpret the correlation coefficient in terms of the model.
POSSIBLE PO
Part C
Using the model, approximate the price of a gallon of milk in the year 2010.

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