What x-value represents the year 2018

Reference no: EM13205403

he linear equation y= 0.15x+0.79 represents an estimate of the average cost of gas for year x starting in 1997. The year 1997 would be represented by x=1, for example, because it is the first year in the study. Similarly, 2005 would be year 9, or x=9.

a. What year would be represented by x=4?
b. What x-value represents the year 2018?
c. What is the slope, or rate of change, of this equation?
d. What is the y-intercept?
e. What does the y-intercept represent?
f. Assuming this growth trend continues, what will the price of gasoline be in the year 2018? How did you arrive at your answer?

Reference no: EM13205403

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