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+10
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What cost does your model give for a 1988 stamp? Report your answer to the nearest cent. (Use the model found in part (a). The actual cost was 25 cents.) 

 

The table below shows the cost s, in cents, of a domestic first-class postage stamp in the United States t years after 1900.

t = time in years since 1900          s = cost of stamp

19                                                         2

32                                                         3

58                                                         4

71                                                         8

78                                                        15

85                                                         22

95                                                         32

102                                                       37

109                                                       44

 Nov 7, 2015
 #1
avatar+130536 
+5

The regression line that maps this data is :

 

y=0.4654351635514x-15.007491238318

 

In 1988, x = 88......and we have  about 25.95 cents.....or about 26 cents

 

Regression line generated here:  http://www.alcula.com/calculators/statistics/linear-regression/

 

 

cool cool cool

 Nov 7, 2015
 #2
avatar
0

i got that wrong ^ ............. :/ .

 Nov 7, 2015
 #3
avatar
0

Yes. that is wrong. 

 

use this 0.805 × 1.037^88= 20

 Nov 7, 2015

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