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4. The table below gives the purchasing power of the dollar as measured by consumer prices according to the US Bureau of Labor Statistics, Survey of Current Business Year 1983 1984 1985 1986 1987 1988 1989 Consumer prices 1.003 0.961 0.928 0.913 0.880 0.846 0.807 Year 1990 1991 1992 1993 1994 1995 1996 Consumer prices 0.766 0.734 0.713 0.692 0.675 0.656 0.638 Source: U.S. Bureau of Labor Statistics, Survey of Current Business. a. Graph the data using scatterplot diagram b. Find the equation of the line c. Predict the purchasing power for the year 1998, assuming the trend continues.

4. The table below gives the purchasing power of the dollar as measured by consumer prices according to the US Bureau of Labor Statistics, Survey of Current Business Year 1983 1984 1985 1986 1987 1988 1989 Consumer prices 1.003 0.961 0.928 0.913 0.880 0.846 0.807 Year 1990 1991 1992 1993 1994 1995 1996 Consumer prices 0.766 0.734 0.713 0.692 0.675 0.656 0.638 Source: U.S. Bureau of Labor Statistics, Survey of Current Business. a. Graph the data using scatterplot diagram b. Find the equation of the line c. Predict the purchasing power for the year 1998, assuming the trend continues.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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4. The table below gives the purchasing power of the dollar as measured by consumer prices according to the US Bureau of Labor Statistics, Survey of Current Business Year 1983 1984 1985 1986 1987 1988 1989 Consumer prices 1.003 0.961 0.928 0.913 0.880 0.846 0.807 Year 1990 1991 1992 1993 1994 1995 1996 Consumer prices 0.766 0.734 0.713 0.692 0.675 0.656 0.638 Source: U.S. Bureau of Labor Statistics, Survey of Current Business. a. Graph the data using scatterplot diagram b. Find the equation of the line c. Predict the purchasing power for the year 1998, assuming the trend continues.
Transcribed Image Text:4. The table below gives the purchasing power of the dollar as measured by consumer prices according to the US Bureau of Labor Statistics, Survey of Current Business Year 1983 1984 1985 1986 1987 1988 1989 Consumer prices 1.003 0.961 0.928 0.913 0.880 0.846 0.807 Year 1990 1991 1992 1993 1994 1995 1996 Consumer prices 0.766 0.734 0.713 0.692 0.675 0.656 0.638 Source: U.S. Bureau of Labor Statistics, Survey of Current Business. a. Graph the data using scatterplot diagram b. Find the equation of the line c. Predict the purchasing power for the year 1998, assuming the trend continues.
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