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During the past 5 years there has been an inflationary trend. Listed below is the average cost of a gallon of milk for each year.
During the past 5 years there has been an inflationary trend. Listed below is the average cost of a gallon of milk for each year.
1981 | 1982 | 1983 | 1984 | 1985 |
$1.10 | $1.23 | $1.30 | $1.50 | $1.65 |
Assuming a linear relationship exists, and that the relationship continues unchanged through 1986, what would you predict for the average cost of a gallon of milk in 1986?
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