Question

the price of a movie ticket in a given year can be modeled by the regression equation y= 6.94(1.02^x) where y is the ticket price and x is the year. to the nearest cent which is the best prediction of the price in year 30 ( Year 1=2007)

Answer 1

$12.57

Explanation:

We are told that y is the ticket price and x is the year.

For year 30, we will substitute 30 in place of x:

y = 6.94(1.02^30) = 12.57

Thus the cost is predicted to be $12.57.

Answer 2

y(30) = 6.94*(1.02^30) = 12.57