The table shows the average cost of gasoline in the United States in dollars per gallon for the given years.

Year 1995 1996 2000 2001 2005 2006 2010 2011 2013 2014
Price per gallon ($) 1.13 1.14 1.33 1.49 1.88 2.36 2.77 3.15 3.39 3.40


(a) Write the least squares regression equation that models the data. Let x = time in years since 1995 and let y = price per gallon.

(b) Use the equation to estimate the price per gallon in 2030. Show your work.

Answers

Answer 1

From the given table, the year values, and prices, we have the following

equation and values;

(a) The least squares regression equation is; y ≈ 0.1316·x - 261.73

(b) The estimate of the price per gallon in 2030 is approximately $5.418

How can the equation and price be obtained from the table?

(a) The coefficients of the least squares regression formula are

presented as follows;

[tex]a = \mathbf{\overline y - b \cdot \overline x}[/tex]

[tex]b = \mathbf{\dfrac{\sum \left(x_i - \bar x\right) \times \left(y_i - \bar y\right) }{\sum \left(x_i - \bar x\right )^2 }}[/tex]

Entering the given values in MS Excel, we have;

[tex]\overline x[/tex]  = 2005.1

[tex]\overline y[/tex] = 2.204

[tex]b = \dfrac{56.456 }{428.9} \approx 0.1316[/tex]

a = 2.204 - 0.1316 × 2005.1 ≈ -261.73

The least squares regression equation is therefore;

[tex]\underline{y =0.1316\cdot x - 261.73}[/tex]

(b) In the year 2030, we have;

The price, y ≈ 0.1316 × 2030 - 261.73 = 5.418

In the year 2030, the price per gallon will be approximately $5.418

Learn more about least squares regression here:

https://brainly.com/question/26875415


Related Questions

Find the distance between
the points (3,-2) and (6,4).

Answers

Answer:

(3,6)

Step-by-step explanation:

First you find the difference between the y values.

6 - 3 = 3.

Then the x values.

4 - -2 = 6

Now form a triangle and use a^2 + b^2 = c^2

3^2 + 6^2 = x^2

9 + 36 = x^2

x = √(45), or 3√(5)

The distance is 3√(5).

Lerola and her younger sister Kiara are jogging around a circular track. Lerola jogs far enough from the center of the circle that her laps are half a mile long. Kiara runs around a circle whose circumference is as long as Lerola's. How far from the center of the circle is Kiara running, in feet? ​Use 3.14 for pi. 3 2There are 5280 feet in a mile.

Answers

Circumference of circular track, C = 0.5 miles = 0.5×5280 feet = 2640 feet.

We know, circumference in circle is given by :

[tex]C = 2\pi r[/tex]

( Here, r is radius i.e distance of centre from track )

Putting values in above equation :

2 × 3.14 × r = 2640

6.28 × r = 2640

r = 420.38 feet

Therefore, distance between centre and track is 420.38 feet .

Hence, this is the required solution.

NEED NOW!!! A bag of marbles can be shared equally amoung 6, 8, or 12 students with none left iver. What is the least ammount of marbles that can be in the bag?

Answers

Answer: the least amount of marbles would be 24 because it would be divided equally among the people , with none leftover.

Step-by-step explanation: if you had 6 people, each of them would have 4 marbles. if you had 8 people each of them would get 3 marbles. and if you had 12 people, each of them would get 2 marbles.  

hope i could help :)

Johanna’s mom paid $2.40 for a -pound box of cereal. How much would 1-pound of that cereal cost? Sorry I really don’t understand

Answers

Answer:

It would cost $2.40 because 1 pound is $2.40

Step-by-step explanation:

Since the box is already a pound, we can determine that $2.40 = 1 pound of cereal!

WILL GIVE BRAINLIEST FAST!! Will Give Brainliest if you show all the steps. 8x - 6 / 2 = x + 12
Solve for X

Answers

Answer: 15/7 2 1/7

Step-by-step explanation: First divide 8x-3=x+12 Then add 3 to both sides.

8x=x+15 Subtract x from both sides. 7x=15 Then divide again so 7/7 and 15/7. If you simplify it become 2 1/7

Answer:

x = 15/7

Step-by-step explanation:

Reduce the fraction with 2

8x - 3 = x + 12

Move variable to the left-hand side and change its sign

8x - x - 3 = 12

Move constant to the right-hand side and change its sign

8x - x = 12 + 3

collect like terms

7x = 12 + 3

Add the numbers

7x = 15

Divide both sides of the equation by 7

Solution: x = 15/7

Alternate form

x = 2 1/7, x = 2.142857

How many less students had 4 or more colds than 3 or lesscolds last winter?

Answers

My dyslexia is too much for what you just tried to say

simple algebra problem!!! please helpp i will mark you brainliest

Answers

Answer:

y = 2x+4

Step-by-step explanation:

Find the slope in the given equation

[tex]y = 2x-8\\\\m = 2x\\\\(3,10)=(x_1,y_1)[/tex]

Substitute values into point-slope form

[tex]y-y_1=m(x-x_1)\\\\y -10=2(x -3)[/tex]

Simplify

[tex]y -10=2x -6\\\\y =2x -6+10\\\\y = 2x +4[/tex]

Step 1: m∠m + m∠n + m∠o = 180 degrees (sum of angles of a triangle)
Step 2: m∠p − m∠o = 90 degrees (alternate interior angles)
Step 3: Therefore, m∠m + m∠n + m∠o = m∠o + m∠p
Step 4: So, m∠m + m∠n = m∠p

In which step did the student first make a mistake and how can it be corrected?

Step 1; it should be m∠m + m∠n + m∠o = 90 degrees (corresponding angles)
Step 1; it should be m∠m + m∠n + m∠o = 90 degrees (adjacent angles)
Step 2; it should be m∠o + m∠p = 180 degrees (alternate exterior angles)
Step 2; it should be m∠o + m∠p = 180 degrees (supplementary angles)

Answers

Answer:

they messed up on step one

Step-by-step explanation:

Answer:

Step 2; it should be m∠o + m∠p = 180 degrees (supplementary angles)

Step-by-step explanation:

Took the exam and got it right. Hope this helps! <3

i don’t understand anything someone please help me :/

Answers

Answer:

answer choice c=6

Step-by-step explanation:

since the question says that round to the nearest

mile then you would round 5.7 to get you 6 so

your answer is 6

Hope this help you :))

 please give me branliest.                                                              

Teacher takes about 25 minutes to make out a test for a mathematics class. How long will it take to make out tests for all five classes?

Answers

Answer:

2h 5min

Step-by-step explanation:

1 class: 25 min

5 classes: 25 x 5 = 125 min = 2h 5min

hannah bought a pack of 12 cookies for $3.50 from the grocery store. how many packs of cookies can she buy for $17.50?

Answers

She can buy 5 boxes of cookies

Answer:

60 Cookies

Step-by-step explanation:

Set up a proportion

12 / 3.50 = x/ 17.50

Cross multiply

3.5x = 210

x = 60

WHAT IS THE AREA OF THE RECTANGLE?​

Answers

Answer:

There is no picture of the rectangle.

The formula for solving the area of a rectangle or a square is L x W (Length times Width).

Hope this helps! :D

Answer:

soln

here let the followings

The length of rectangle is (L)

The breadth of rectangle is (B)

Now

Area of rectangle is = L×B

Use the interactive number line to find -3.2 - 4.

Answers

Answer:

-7.2

Step-by-step explanation:

Since -3.2 is the first number, this will be the starting point in the number line.

Since we are subtracting, we are going to go 4 units to the left.

-3.2 - 4 = -7.2

Best of Luck!

Answer:

-7.2

Step-by-step explanation:

Roses are red

Violets are blue

I hate Edgenuit y

and so do you

what is 4.6783 x 10 to the third power

Answers

4.6783x10^3     P.E.M.D.A.S.   exponent before multiplication  10^3 =1000  

1000x4.6783= 4,678.3

The table represents a linear function.
What is the slope of the function?
-3
-2
3
х
-2
-1
0
1
2
у
-2
1
4
7
10

Answers

The answer is -2 bro

The slope of the table is 2

How to determine the slope?

From the table, we have the following points:

(x,y) = (0, 4) and (1,7)

The slope is then calculated as:

m = (y2 - y1)/(x2 - x1)

Substitute known values

m = (7 - 4)/(1 - 0)

Evaluate the differences

m = 3/1

Divide

m = 2

Hence, the slope of the table is 2

Read more about slopes at:

https://brainly.com/question/3493733

Find the distance between the two points.
8. (-1,0), (-8, 4)

Answers

Answer:

65

Step-by-step explanation:

How many solutions does the equation have?
4(2n - 4) + 3 +8n - 19
A. 0
B. 1
C. Infinitely many

Answers

Answer:

A

Step-by-step explanation:

Answer:

A. 0

Step-by-step explanation:

The ratio of a rectangle's length to its width
is 2 : 1. If the length is 14 cm, what is its
width?

Answers

Answer:

2/1 = 14/x

cross mulitply

2x=14

2x/2=14/2

x=7

The width is 7 cm

Step-by-step explanation:

jhjkhgfxdzfxcghjklhgfydfxcvbnklmoiuytfcgvb nmkljiouhytfrdfcgvhbjnkiuhygtfrhcgvhbjiou98y7tgvhmb

Answers

Answer:

uihuvbuh ufsghiusgu 8y39 8y3yy894y87y48jhfjhjbvhjjavjlh ailhli

Step-by-step explanation:

Fjdjkssnnfnsskkfmddntmkrkdkensnene;)

It takes Jamil 40 minutes to drive to work, plus or minus 8 minutes depending on traffic. What equation could be solved to find the shortest or longest times she might drive?

Answers

Answer:

Step-by-step explanation:

to find the longest it would be 40+8=48

to find the shortest it would be 40-8=32

A shirt cost $74.89 and the sales tax is 10.25%. How much will the shirt cost?

Answers

Rounding to the nearest hundredth, the tax would be $7.68. $74.89 + $7.68 = $82.57. Hope this helps!

Answer:

cost for the shirt: $74.89

Sales tax(10.25%): 7.68

total: $82.57

Step-by-step explanation:

What are the solutions for x when y is equal to 0 in the quadratic function
y = x2 +9x?

Answers

Answer:

C) x = 0 or x = - 9

Step-by-step explanation:

[tex]y = {x}^{2} + 9x \\ \\ plug \: y = 0 \\ 0 = {x}^{2} + 9x \\ \\ x(x + 9) = 0 \\ \\ x = 0 \: \: or \: \: x + 9 = 0 \\ \\ x = 0 \: \: or \: \: x = - 9 [/tex]

See picture for math work and answer.

There are 13 sixth grade classrooms at LMMS. Each class has about 28 students.
About how many students are there in the whole sixth grade?

Answers

Answer:

364 students

Step-by-step explanation:

multiply 13 by 28

find the distance traveled in 15 seconds by an object traveling at a constant velocity of 20 feet per second

Answers

The distance travel by the object would be 300 feet

The distance covered by the object is 300 feet's.

We have -  object traveling at a constant velocity of 20 feet per second.

We have to calculate the distance traveled in 15 seconds by the object.

What is the formula to calculate the distance covered by the object ?

The distance covered by the object can be calculated using the formula -

d = v x t

Where -

v - it is the velocity of object

t - time taken by object

According to question -

v = 20 feet/sec

t = 15 seconds

Hence, the distance covered will be -

d = 20 x 15 = 300 feet's

Hence, the distance covered by the object is 300 feet's.

To solve more questions on distance travelled, visit the link below -

https://brainly.com/question/15206974

#SPJ2

someone helppp lol.

Answers

Answer:

dam thats wat yall learn in whatever grade u r ik highter for sure but dam im  scared now

Step-by-step explanation:

will give brainliest answer

Answers

Answer:

true

true

false

Step-by-step explanation:

the triangle is equal throughout but not symmetrical.

The graph shows the amount of savings over time in Eliane​'s account. ​, ​Lana meanwhile, puts ​$35 each week into savings account. If they both begin with​ $0, who is saving at the greater​ rate The graph shows the amount of savings over time in ​'s account. ​, ​meanwhile, puts ​$ each week into savings account. If they both begin with​ $0, who is saving at the greater​ rate?

Answers

wheres the graph? im confused

Answer: $37 for Eliane's account and $35 for Lana's account

Step-by-step explanation:

On the diagram below, find the measure of each angle show all your work

Answers

Answer:

3

Step-by-step explanation:

from angles on a line = 180°

therefore

(14x + 70 + 20x +8)°= 180°

34x + 78 =180

34x = 180-78

34x= 102

x = 102/34

x= 3

Answer:

3

Step-by-step explanation:

!

can somebody simply explain a unlinear functions???​

Answers

Answer:

The graph of a linear function is a line. ... Linear functions have a constant slope, so nonlinear functions have a slope that varies between points. Algebraically, linear functions are polynomials with highest exponent equal to 1 or of the form y = c where c is constant. Nonlinear functions are all other functions.

nonlinear functions are functions that are not linear functions. Therefore, they have the opposite properties of a linear function. The graph of a linear function is a line. Thus, the graph of a nonlinear function is not a line.

Step-by-step explanation:

How do the measures of the angles of ABC compare with those of A'BC'when A'B'C coinddes wth the other three triangles? What can you say about the presenvation of the angle measurements of a shape during a rotation?​

Answers

Answer:

The measure of each angle of  abc is equal to the corresponding angle of  a'b'c' when coincides with the other three triangles. The measures of the angles of the triangle are preserved as the figure rotates.

Step-by-step explanation:

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