3. The linear equation
represents an estimate of the average cost of gas for year x starting in 1997 (“Consumer price index,” 2006). The year 1997 would be represented by x = 1, for example, because it is the first year in the study. Similarly, 2005 would be year 9, or x = 9.
a. What year would be represented by x = 4?
b. What x-value represents the year 2018?
c. What is the slope, or rate of change, of this equation?
d. What is the y-intercept?
e. What does the y-intercept represent?
f. Assuming this growth trend continues, what will the price of gasoline be in the year 2018? How did
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Can you figure out a on your own?
No, the problem specifically states that 1997 would be x = 1.
So what would x=4 be?