Math  /  Measurement

Question Determine the cost in 2018 of an item that cost 100in1999usingalinegraphandtwomodels:100 in 1999 using a line graph and two models: C = 1.9x + 120.4and and C = 0.03x^2 + 1.8x + 120.7,where, where Cisthecost is the cost x$ years after 2010.

Studdy Solution
Finally, we compare the result from Model 1 with the graph estimate.
The graph estimate for the cost in 2018 is 135,andthecostcalculatedusingModel1isapproximately135, and the cost calculated using Model 1 is approximately 136. The model's estimate is very close to the graph estimate, differing by about $1, which indicates that Model 1 describes the estimate from part (a) quite well.

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