18)Should we use this model to predict the price of a Big Mac in 2025?Why or why not?You will hand in your explanation for grading by hand.

Group of answer choices

aSelect this if you said yes, no, or maybe

bI do not know

17) If we were to use this model to predict the cost of a Big Mac in 2025, how many years into the future would the model be predicting?

16) How many years of actual data did we collect?

15)Use the graph to estimate the actual value for 2001.Quantify how this value compares to the value found in part d.

Group of answer choices

aThe actual value is about $0.36 less than the estimated value.

bThe estimated value is about $0.36 less than the actual value.

cThe actual value is about $0.36 more than the estimated value.

dThe estimate value is not accurate so we should not use it.

14)Use the graph to estimate the actual value for 2001.

Round your answer to the nearest 50 cents.

13)Use the equation of the trend line to estimate the cost of a big Mac in the year 2001.

Round your answer to the nearest cent.

12)What type of linear correlation exists between years and price?

a Group of answer choices

b strong positive correlation

c strong negative correlation

d weak positive correlation

weak negative correlation

11) Interpret the meaning of the slope.

a Group of answer choices

b The average price of a Big Mac increases by $0.0726 every year

c 0.0726 Big Macs are sold per person in the United States

d 142 less Big Macs are sold very year

The average price of a Big Mac increases by $0.8766 per year.

10) What is the slope of the trend line equation?Give your answer to 4 decimal places.

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