Watch the video and then solve the problem given below. Click here to watch the video. The following table gives the consumer price index (CPI) for selected years from 1945 to 2009. Complete parts a through c below. Click to view the table for the CPI. ..... b) What type of function would be best to model the data? Find the equation of that function. Report the model with five decimal places. O A. Cubic; y = O B. Linear; O C. Quartic; y =
Watch the video and then solve the problem given below. Click here to watch the video. The following table gives the consumer price index (CPI) for selected years from 1945 to 2009. Complete parts a through c below. Click to view the table for the CPI. ..... b) What type of function would be best to model the data? Find the equation of that function. Report the model with five decimal places. O A. Cubic; y = O B. Linear; O C. Quartic; y =
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Data Table
Year
Percent
Year
Percent
ロ
1945
8
1980
82.4
1950
14
1985
107.6
1955
26.8
1990
130.7
1960
29.6
1995
152.4
1965
31.5
2000
172.2
1970
38.8
2005
185.3
1975
53.8
2009
214.5
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f10b1d3-5b2b-43bb-8322-4dae2f3a4ad3%2F295e3c7c-dc95-410d-b180-0dde666b95e8%2Fhqdqruq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Data Table
Year
Percent
Year
Percent
ロ
1945
8
1980
82.4
1950
14
1985
107.6
1955
26.8
1990
130.7
1960
29.6
1995
152.4
1965
31.5
2000
172.2
1970
38.8
2005
185.3
1975
53.8
2009
214.5
Print
Done
![Watch the video and then solve the problem given below.
Click here to watch the video.
The following table gives the consumer price index (CPI) for selected years from 1945 to 2009. Complete parts a through c below.
: Click to view the table for the CPI.
....
b) What type of function would be best to model the data? Find the equation of that function. Report the model with five decimal places.
O A. Cubic; y=
O B. Linear;
O C. Quartic; y =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f10b1d3-5b2b-43bb-8322-4dae2f3a4ad3%2F295e3c7c-dc95-410d-b180-0dde666b95e8%2Fc5c6dab_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Watch the video and then solve the problem given below.
Click here to watch the video.
The following table gives the consumer price index (CPI) for selected years from 1945 to 2009. Complete parts a through c below.
: Click to view the table for the CPI.
....
b) What type of function would be best to model the data? Find the equation of that function. Report the model with five decimal places.
O A. Cubic; y=
O B. Linear;
O C. Quartic; y =
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