Questions 21-23. The cost of a LCD TV dropped from $265 in 2012 to $199 in 2014. 21. Find the average rate at which the cost has been decreasing. 22. Set-up a linear model to estimate future costs of TV's. 23. Use your model to estimate what the cost will be in 2016.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 19PFA
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Need help step by step explanation for questions 21-23 & 24-25 

Questions 21-23. The cost of a LCD TV dropped from $265 in 2012 to $199 in 2014.
21. Find the average rate at which the cost has been decreasing.
22. Set-up a linear model to estimate future costs of TV's.
23. Use your model to estimate what the cost will be in 2016.
Questions 24-25. In 1963, postage was 5 cents per ounce. In 1981, postage was 18 cents per ounce.
24. Establish a linear model (in cents) that can be used to estimate the postage per ounce based upon the years since
1963. (round the slope to the ten thousandths place)
25. If the trend had continued through to 2015, what would the postage per ounce be? (round to the nearest cent)
Transcribed Image Text:Questions 21-23. The cost of a LCD TV dropped from $265 in 2012 to $199 in 2014. 21. Find the average rate at which the cost has been decreasing. 22. Set-up a linear model to estimate future costs of TV's. 23. Use your model to estimate what the cost will be in 2016. Questions 24-25. In 1963, postage was 5 cents per ounce. In 1981, postage was 18 cents per ounce. 24. Establish a linear model (in cents) that can be used to estimate the postage per ounce based upon the years since 1963. (round the slope to the ten thousandths place) 25. If the trend had continued through to 2015, what would the postage per ounce be? (round to the nearest cent)
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