Year CPI Year CPI 18.0 | 1980 1950 24.1 1945 82.4 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

A First Course in Probability (10th Edition)
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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...
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. Consumer Prices The data in the table give the consumer price index (CPI) for selected years from 1945
to 2009.
a. Create a scatter plot of the data, with x equal to
the number of years after 1945.

b. What type of function would be best to model the
data? Find the equation of that function. Round
the coefficient of the cubic term to five decimal
places.
c. Use the function to estimate the CPI in 2015.

Year
CPI
Year
CPI
18.0 | 1980
1950 24.1
1945
82.4
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
Transcribed Image Text:Year CPI Year CPI 18.0 | 1980 1950 24.1 1945 82.4 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
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