The table below shows the number of years since 1995and the price of milk.春6.121416Years since 195 ()Price of milk PO(in dollars)$2.62 $2.70 $2.78 $2.88 $3.15 53.40 $3.30 $3.57The model P(t) = 0.06t + 2.52 represents the relationshipbetween the years, t, since 1995 and the price of milk,P(t) 1. Identify the slope. Describe what the slope means in the context ofthe problem.2. Identify the y-intercept. Describe what the y-intercept represents inthe context of the problem.Part BThe correlation coefficient for the data in the table is r= 0.97968993.Interpret the correlation coefficient in terms of the model.POSSIBLE POPart CUsing the model, approximate the price of a gallon of milk in the year 2010.

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The table below shows the number of years since and the price of milk.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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