Precalculus (6th Edition)

Published by Pearson
ISBN 10: 013421742X
ISBN 13: 978-0-13421-742-0

Chapter 2 - Graphs and Functions - 2.5 Equations of Lines and Linear Models - 2.5 Exercises - Page 245: 62

Answer

(a) $y=412x+6312$ (b) $7960\ dollars$, underestimate 110 dollars.

Work Step by Step

(a) Identify the data points as $(0,6312),(2, 7136)$, we can fine the equation as $y-6312=\frac{7136-6312}{2-0}(x)$ or $y=412x+6312$ (b) For year 2013, we have $x=4$ and $y=412(4)+6312=7960\ dollars$ which underestimates the actual number (8070) by 110 dollars.
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