The table gives the amount of money (in dollars) spent on football by a major university. Letting x represent the number of years since 2006, and letting y represent the amount of money spent on football, in thousands of dollars, use the regression capabilities of a graphing calculator to find the equation of the line of best fit. Round values off to the nearest hundredth. Then, use your equation to make the following predictions. Year 2006 Dollars spent on football 173,000 2011 2007 2008 2009 2010 190,000 210,000 223,000 243,000 271,000

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
The table gives the amount of money (in dollars) spent on football by a major university. Letting x
represent the number of years since 2006, and letting y represent the amount of money spent
on football, in thousands of dollars, use the regression capabilities of a graphing calculator to find
the equation of the line of best fit.
Round values off to the nearest hundredth.
Then, use your equation to make the following predictions.
Year
2006
Dollars spent on football 173,000
The equation of the line of best fit is:
Hint
2009
2010
2011
2007 2008
19 000 210,000 223,000 243,000 271,000
Predict the amount of money that will be spent on football in the year 2022.
Predict the amount of money that will be spent on football in the year 2041.
Transcribed Image Text:The table gives the amount of money (in dollars) spent on football by a major university. Letting x represent the number of years since 2006, and letting y represent the amount of money spent on football, in thousands of dollars, use the regression capabilities of a graphing calculator to find the equation of the line of best fit. Round values off to the nearest hundredth. Then, use your equation to make the following predictions. Year 2006 Dollars spent on football 173,000 The equation of the line of best fit is: Hint 2009 2010 2011 2007 2008 19 000 210,000 223,000 243,000 271,000 Predict the amount of money that will be spent on football in the year 2022. Predict the amount of money that will be spent on football in the year 2041.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON