If r=1/2
then r2 = 1
because 1/2 times 2 is 1
From the excel plotting, we see that the least square regression equation is given by:
m=(7.25-2.65)/(2009-1978)
m=0.15
thus the equation will be:
0.15(x-0)=y-2.65
y=0.15x-2.65
b] Using the equation we can approximate the hourly wage in 2025 as follows:
x=(2025-1978)=47
y=0.15(47)-2.65
y=7.05-2.65
y=4.4
The plot is as shown in the figure:
Answer:
1 toast costs $0.30 and 1 egg cost $0.60
Step-by-step explanation:
Let price of 1 egg be
and price of 1 toast be 
<u>"$1.50 for 2 eggs and one piece of toast":</u>
We can write 
<u>"$.90 for one egg and one piece of toast":</u>
We can write 
Now, we can solve the first equation for t and substitute that into 2nd equation and solve for e:

Now using the value of e (0.6) and putting it back in the first equation, we will get t:

Hence, 1 toast costs $0.30 and 1 egg cost $0.60
This is the answer, hope this helps you