The following table gives the average price of a pound of spaghetti and macaroni in January of
Question:
Year Price
2000.......................................$0.88
2004.......................................$0.92
2008.......................................$1.02
2011.......................................$1.21
2015.......................................$1.26
(a) Obtain the least-squares line that fits these data. (Let x = 0 correspond to 2000.)
(b) Estimate the average price of a pound of spaghetti and macaroni in January 2013.
(c) If this trend continues, when will the average price of a pound of spaghetti and macaroni be $1.45?
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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