What do you expect to pay for gas in 2019?
Chart:
1998-26.40
2000-27.20
2004-29.70
2006-32.20
2008-37.80
Answer choices:
A- Y=1.006x+26.40;$47.52
B- Y=1.006x+26.40;$58.92
C- Y=26.40x+1.006;$47.52
D- Y=26.40x+1.006;$58.92
I would say none of the given answers!
Firstly, it's not very linear.
Secondly, if we do assume a best-fit linear equation the result is dollars = 1.033*(years after 1998) + 25.29
Thirdly, even if we assume a particular functional form over the given years, extrapolating for a further 11 years is way too far!!