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 pric
2 answers:
Answer:
The best prediction for price of ticket in 2026 is $10.31
Step-by-step explanation:
We are given the following information in the question:
The price of a movie ticket in a given year can be modeled by the regression equation.
where y is the ticket price and x is the year.
We have to find the price of the ticket in year 20, where year 1 means 2007.
Putting x = 20 in the given equation, we have:
Thus, the best prediction for price of ticket in 2026 is $10.31
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Answer:
Step-by-step explanation:
Given
See attachment for diagram
Required
The equation to find x
First, calculate the area of the big rectangle using:
So:
The smaller rectangle
The difference between this areas give the area of the shaded region.
So:
Open brackets
Collect like terms
<em>The above equation can be used to solve for x</em>
