The following table shows data for the cost of natural gas in Maryland (in dollars per Million Btu) forxyears since 1990.
Year
x
Price in $ per Million Btu
1990
6.31
1991
6.14
1992
6.32
1993
6.75
1994
6.8
1995
6.34
1996
7.46
1997
8.12
1998
8.04
1999
8.25
2000
9.58
2001
11.28
2002
9.25
a. Define the explanatory and response variables for this problem.
b. Use the calculator to obtain the linear regressionline of best fitfor the original prices; round to three decimal places.Write this prediction equation in the form:
a. In a brief sentence, interpret theslope in the context of the problem.
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