The price of a movie ticket in a given year can be modeled by the regression equation y = 6.94(1.02x), where y is the ticket price and x is the year. to the nearest cent, which is the best prediction of the price of a ticket in year 25? (year 1 = 2007)

11.38.

Step-by-step explanation:

Given :The price of a movie ticket in a given year can be modeled by the regression equation , where y is the ticket price and x is the year.

To Find: . To the nearest cent, which is the best prediction of the price of a ticket in year 25?

Solution:

Where y is the ticket price and x is the year.

Now we are supposed to find which is the best prediction of the price of a ticket in year 25

Substitute x = 25 in the given equation.

Thus the best prediction of the price of a ticket in year 25 is 11.38.

g

step-by-step explanation: