The price of a movie ticket in a given year can be modeled by the regression equation y= 6.94(1.02^x) 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 20? (year 1 = 2007) a.$266.06 b.$10.31 c.$11.39 d.$12.57

The answer is B) $10.31

Step-by-step explanation:

The best prediction for price of ticket in 2026 is $10.31

Step-by-step explanation:

We are given the following information in the question:

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.

We have to find the price of the ticket in year 20, where year 1 means 2007.

Putting x = 20 in the given equation, we have:

Thus, the best prediction for price of ticket in 2026 is $10.31

step-by-step explanation:

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step-by-step explanation:

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