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StatisticsQ&A LibraryThe value y (in 1982–1984 dollars) of each dollar paid by consumers in each of the years from 1994 through 2008 in a country is represented by the ordered pairs. (1994, 0.675) (1995, 0.654) (1996, 0.643) (1997, 0.618) (1998, 0.611) (1999, 0.599) (2000, 0.585) (2001, 0.562) (2002, 0.559) (2003, 0.539) (2004, 0.529) (2005, 0.513) (2006, 0.493) (2007, 0.482) (2008, 0.462) (b) Use the regression feature of the spreadsheet software program to find a linear model for the data. (Let trepresent time. Round your numerical values to four decimal places.) y = (c) Use the model to predict the value (in 1982–1984 dollars) of 1 dollar paid by consumers in 2010 and in 2011. (Round your answers to two decimal places.)Start your trial now! First week only $4.99!*arrow_forward*

Question

The value *y* (in 1982–1984 dollars) of each dollar paid by consumers in each of the years from 1994 through 2008 in a country is represented by the ordered pairs.

(1994, 0.675) | (1995, 0.654) |

(1996, 0.643) | (1997, 0.618) |

(1998, 0.611) | (1999, 0.599) |

(2000, 0.585) | (2001, 0.562) |

(2002, 0.559) | (2003, 0.539) |

(2004, 0.529) | (2005, 0.513) |

(2006, 0.493) | (2007, 0.482) |

(2008, 0.462) |

(b) Use the

y =

(c) Use the model to predict the value (in 1982–1984 dollars) of 1 dollar paid by consumers in 2010 and in 2011. (Round your answers to two decimal places.)Tagged in

Math

Statistics

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