ANSWER ALL PLEASE!!

In all of your previous problems, you examined trends that do not take inflation into account. In this extension, you will reproduce the analysis after adjusting the data for inflation, 11. Use the following web-site to convert the price of gasoline to inflated prices for the current year. Add these values to the table that follows. http://www.bls.gov/data/inflation calculator.htm Years since Gas Price per Gas Price Adjusted 2000 Gallen for Inflation 0 $1.30 2.2.1 1 $147 24 2 51.14 3 $1,47 4 51.59 2.47 5 $1.82 2.74 6 $2232 7 $2.23 3.2.2 8 $1.05 1s 9 $1.79 2.44 10 52.73 11 10 12 4.71 27 $3.09 $3,40 *What you are going to do here is use the year 2000 as your baseline for all years. On the web- site, enter the price in the first field, always leave the second field 2000, and adjust "Has the same buying power as to the year next to each price. When you click "Calculate," you will see the adjusted price. That is what you write in the last column of the table for each year. For example, when you compute the last field, it should look like this: CPI Inflation Calculator 3.40 In 2000 Has the same buying power as $4.53 In 2012 12. You will now create a scatter plot using the years vs. the adjusted gasoline prices. Average Price (5) of Regular Unleaded Gasoline at the beginning of the year Adjusted for Inflation M Price (5) 2 Years since 2000 13. Using your calculator, find a linear regression equation for years vs. adjusted gasoline prices. Also give the r and r' values for this equation. 14. Using your calculator, find a quadratic regression equation for years vs. adjusted gasoline prices. Also give the r and values for this equation. 15. Now, using the new quadratic model, predict what the price of gas will be in the year 2020. Does this cause any concern? 16. Do you believe the models that use the inflated prices are better models? Why or why not? 17. Of all 4 models (equations) you have created in this assignment, which one do you believe is the best model and why? In all of your previous problems, you examined trends that do not take inflation into account. In this extension, you will reproduce the analysis after adjusting the data for inflation, 11. Use the following web-site to convert the price of gasoline to inflated prices for the current year. Add these values to the table that follows. http://www.bls.gov/data/inflation calculator.htm Years since Gas Price per Gas Price Adjusted 2000 Gallen for Inflation 0 $1.30 2.2.1 1 $147 24 2 51.14 3 $1,47 4 51.59 2.47 5 $1.82 2.74 6 $2232 7 $2.23 3.2.2 8 $1.05 1s 9 $1.79 2.44 10 52.73 11 10 12 4.71 27 $3.09 $3,40 *What you are going to do here is use the year 2000 as your baseline for all years. On the web- site, enter the price in the first field, always leave the second field 2000, and adjust "Has the same buying power as to the year next to each price. When you click "Calculate," you will see the adjusted price. That is what you write in the last column of the table for each year. For example, when you compute the last field, it should look like this: CPI Inflation Calculator 3.40 In 2000 Has the same buying power as $4.53 In 2012 12. You will now create a scatter plot using the years vs. the adjusted gasoline prices. Average Price (5) of Regular Unleaded Gasoline at the beginning of the year Adjusted for Inflation M Price (5) 2 Years since 2000 13. Using your calculator, find a linear regression equation for years vs. adjusted gasoline prices. Also give the r and r' values for this equation. 14. Using your calculator, find a quadratic regression equation for years vs. adjusted gasoline prices. Also give the r and values for this equation. 15. Now, using the new quadratic model, predict what the price of gas will be in the year 2020. Does this cause any concern? 16. Do you believe the models that use the inflated prices are better models? Why or why not? 17. Of all 4 models (equations) you have created in this assignment, which one do you believe is the best model and why