Suppose that y represents the average consumer spending on television services per year (in dollars), and that x represents the number of year since 2004. a. Use the data points (2,308) and (6,408) to write a linear equation relating y to x . b. Interpret the meaning of the slope in the context of this problem. c. Interpret the meaning of the y -intercept in the context of this problem. d. Use the model from part (a) to estimate the average consumer spending on television services for the year 2007.
Suppose that y represents the average consumer spending on television services per year (in dollars), and that x represents the number of year since 2004. a. Use the data points (2,308) and (6,408) to write a linear equation relating y to x . b. Interpret the meaning of the slope in the context of this problem. c. Interpret the meaning of the y -intercept in the context of this problem. d. Use the model from part (a) to estimate the average consumer spending on television services for the year 2007.
Solution Summary: The author explains how to calculate a linear equation relating y to x by using data points.
Suppose that
y
represents the average consumer spending on television services per year (in dollars), and that
x
represents the number of year since 2004.
a. Use the data points (2,308) and (6,408) to write a linear equation relating
y
to
x
.
b. Interpret the meaning of the slope in the context of this problem.
c. Interpret the meaning of the
y
-intercept
in the context of this problem.
d. Use the model from part (a) to estimate the average consumer spending on television services for the year 2007.
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