Cable television. The table shows the increase in both price and revenue for cable television in the United States. The figure shows a scatter plot and a linear regression model for the average monthly price data in the table.
(A) Interpret the slope of the model.
(B) Use the model to predict the average monthly price (to the nearest dollar) in 2024.
Table for 81 and 82 Cable Television Price and Revenue
Year | Average Monthly Price (dollars) | Annual Total Revenue (billions of dollars) |
2000 | 30.37 | 36.43 |
2002 | 34.71 | 47.99 |
2004 | 38.14 | 58.59 |
2006 | 41.17 | 71.89 |
2008 | 44.28 | 85.23 |
2010 | 47.89 | 93.37 |
Source: SNL Kagan
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