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qaws [65]
3 years ago
12

The price of a movie ticket in a given year can be modeled by the regression equation y = 6.94(1.02x), where y is the ticket pri

ce and x is the year. To the nearest cent, which is the best prediction of the price of a ticket in year 25? (Year 1 = 2007)
Mathematics
2 answers:
topjm [15]3 years ago
5 0

Answer:

11.38.

Step-by-step explanation:

Given :The price of a movie ticket in a given year can be modeled by the regression equation y = 6.94(1.02^x), where y is the ticket price and x is the year.

To Find: . To the nearest cent, which is the best prediction of the price of a ticket in year 25?

Solution:

y = 6.94(1.02^x)

Where y is the ticket price and x is the year.

Now we are supposed to find which is the best prediction of the price of a ticket in year 25

Substitute x = 25 in the given equation.

y = 6.94(1.02^{25})

y =11.38580

Thus the best prediction of the price of a ticket in year 25 is 11.38.

Whitepunk [10]3 years ago
4 0
I would say that the price would be 176.97.
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