If
Year | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 |
Cost ($) | 4839 | 5137 | 5601 | 6020 | 6375 | 6492 |
Answer to Problem 17PPS
The equation for median fit line is
Explanation of Solution
Given: The given data is shown as,
Year | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 |
Cost ($) | 4839 | 5137 | 5601 | 6020 | 6375 | 6492 |
Calculation: From the given data, the equation for median-fit line using the calculator can be written as,
The graph of median fit line and plot the points.
Explanation of Solution
Given: The given data is shown as,
Year | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 |
Cost ($) | 4839 | 5137 | 5601 | 6020 | 6375 | 6492 |
Graph: From the given data, the graph for median-fit line using the calculator is shown as,
The estimated cost in 2020-2021.
Answer to Problem 17PPS
The estimated cost for the year 2020-2021 is $19148.
Explanation of Solution
Given: The given data is shown as,
Year | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | 2005-2006 |
Cost ($) | 4839 | 5137 | 5601 | 6020 | 6375 | 6492 |
Calculation: From the given data, the estimated cost for 2020-2021 can be obtained by plugging
Chapter 4 Solutions
Algebra 1
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